Colombia Oil and Gas Sector Report 2020/2021

Colombia's oil and gas sector is of great importance to the country, both in terms of foreign trade and investment, accounting for 40% of exports and 19% of all foreign direct investment in the country in 2019. Despite the liberalisation efforts initiated in the 2000s, the sector continues to be dominated by the state-owned major Ecopetrol which, together with its subsidiaries and joint ventures, is responsible for 80% of hydrocarbon production in the country. The primary source of profit for the sector is the export of crude oil, which makes it vulnerable to new discoveries and price fluctuations on international markets. After experiencing significant production growth between 2004 and 2014, the sector witnessed a sharp decline in the years following the end of the mineral commodities’ high-price super cycle. ​

This report provides a complete and detailed analysis of the oil and gas sector for Colombia. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the oil and gas sector in Colombia
• Access production and investment forecasts
• Crystallise the forces both driving and restraining this sector in Colombia
• Gain insight into reserves, drilling activity, infrastructure and other production issues
• See oil and gas consumption within the country
• Ascertain Colombia’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in Colombia
• Build a clear picture of the downstream, midstream an upstream processes

See below for a complete table of report contents: