Oil production fell 3% year-on-year in January to 746,400 barrels daily

Colombia's oil production dropped 3% in January 2026 year-on-year to 746,400 barrels per day from 769,800 the previous year, according to Campetrol. Compared to December, it fell 0.1%, or 7,000 barrels, with the sharpest declines in Casanare.

Campetrol released its March report with January 2026 data, showing a 3% year-on-year drop in Colombia's oil production and 9.4% in natural gas. Oil output hit 746,400 barrels per day, down 23,400 from January 2025 and 7,000 from December 2025. Regionally, Casanare saw the biggest decline at 7,600 barrels fewer (-6.6%), followed by Arauca (-13.1%, 7,400 barrels) and Cesar (-22.4%, 3,900 barrels). Putumayo gained 1,400 barrels. Ecopetrol dominated with 65.1% of total output (486,000 barrels), trailed by Sierracol Energy (51,000), Frontera Energy (46,000), Geopark (42,000), and Gran Tierra Energy (26,000). Gas production reached a historic low of 1,190 million cubic feet per day (Mpcd), 123,800 Mpcd below the prior year. February gas imports averaged 193.1 Mpcd, up 27.7% from February 2025. Active rigs in February numbered 112, the highest since December 2023, including 32 drilling rigs in departments like Meta (13), Casanare (7), and Putumayo (3).

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Illustration of a Colombian factory during industrial production decline in January 2026, with workers reviewing falling output charts.
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Colombia's industrial production falls 0.5% in January 2026

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DANE reported that manufacturing industrial production fell 0.5% in January 2026 compared to January 2025, with real sales down 0.7%. This marks two consecutive months of production contraction and three for sales.

Colombia's National Hydrocarbons Agency (ANH) reported average oil production of 740.812 barrels per day (Bppd) in the first quarter of 2026. In March, it rose to 740.497 Bppd, up 5.573 Bppd from February. The gain stemmed mainly from recovery in the Meta field after resolving social blockades.

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In January 2026, imported gas accounted for 21% of total consumption in Colombia, according to Upme data. This figure highlights the rising trend in imports due to declining local reserves, as warned by Naturgas, which forecasts 26% by year's end.

Frontera Energy and Ecopetrol have confirmed that the regasification terminal at Puerto Bahía will start operations with 126 million cubic feet per day (Mpcd) of gas by the end of 2026. The project will use existing infrastructure and involves a US$80 million investment from Frontera. The companies urge speeding up environmental and infrastructure permits.

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Colombia's exports reached US$4.211.6 million in February, up 11.4%, according to the Dane. Non-monetary gold and the agricultural sector drove the rise, while fuels, coal, and manufacturing saw declines.

Colombia's January 2026 ISE grew by 1.55%, dipping below 2% for the first time in 11 months. Andi warned that public spending remains the main driver, while productive sectors like mining and industry deteriorate. Tertiary activities led growth at 2.7%.

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