COLOMBIA

(in South America)

CAPITAL: BOGOTA

POPULATION: 44 mm

AREA (on): 1,138,900 km2

OIL PEAK: 1999  

SUPPLY

Most Colombian oil production comes from the Magdalena Valley north of Bogota and from the Andean foothills. Output peaked in 1999 although there will be some recovery in output as more heavy oil developments go ahead. Fields in the Andes are complex and there is limited offshore potential but there remain many large onshore heavy oil accumulations.

Onshore gas production is associated with condensate but there is also some offshore non-associated gas production near the Guajira Peninsula close to the Venezuelan border. Onshore gas output is forecast to increase as the country focuses on its gas resources to replace declining oil output. Offshore gas output is also rising.

 

DEMAND

Colombian oil consumption is increasing slowly after declines in the late 1990s. The country exports oil which are being maintained as new heavy oil fields come onstream.

Gas consumption is forecast to increase as output increases with interim small exports to Venezuela for a period.

 

 
 

This is a simple forecast - detailed forecasts including offshore and onshore, deep water splits, sedimentary basins and major fields and drilling etc. can be purchased for most countries.

 

An onshore and offshore oil and gas production, consumption and drilling activity forecast report on this country can be commissioned,

including all relevant charts. Contact us for price and contents list.

 

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