In 2025, Colombia's 1P oil reserves fell by nearly 1% to 2.1 billion barrels, while 1P natural gas reserves plunged 17% to 1.7 trillion cubic feet:
Oil production dropped to 724,910 barrels per day in April 2026, the lowest output in recent years. Falling domestic gas output and a looming El Niño drought are pushing Colombia toward costlier LNG imports and deeper energy insecurity:
For a decade, Colombia's oil industry has been caught in a death spiral due to declining oil prices, rising geopolitical risks, and anti-petroleum reforms implemented by President Gustavo Petro:
The 2025 report indicates that proven 1P oil reserves totaled 2.1 billion barrels, a nearly 1% decrease from the previous year:
