Colombia lost 2.7 trillion pesos due to lower oil production: almost 30% of what the economic emergency seeks to raise
Oil production in Colombia closed 2025 with a negative balance. The country registered an average of 746,000 barrels per day, which represented a decrease of 3.4% compared to 2024, equivalent to 26,200 fewer barrels per day...
TL;DR
- Colombia's average oil production in 2025 was 746,000 barrels per day, a 3.4% decrease from 2024.
- The reduction in oil production led to an estimated loss of US$660 million (approximately $2.7 trillion Colombian pesos) in national income.
- This revenue loss is nearly 30% of the estimated $8 trillion sought by the government's economic emergency declaration.
- Reasons for the oil production drop include natural field decline (estimated at 22%) and operational disruptions.
- Ecopetrol alone accumulated 2.15 million barrels of deferred production between January and September 2025.
- Commercialized gas averaged 794.2 million cubic feet per day (MPCD) in 2025, a 17.1% decrease from 2024.
- Gas production closed December 2025 at 693 MPCD, the lowest monthly figure since 2015.
- The primary reason for the gas production decline is the natural aging and exhaustion of producing fields.
- Three major gas fields—Cusiana, Clarinete, and Cupiagua—experienced significant production drops of 32%, 30.8%, and 23.7%, respectively.