Crude Oil and Condensate Production โ - Crude Oil and Condensate Production refers to the total volume of crude oil and lease condensate extracted from oil and gas reservoirs within a country during a given year. It is typically measured in thousand barrels per day (kb/d) and represents the production of unrefined liquid hydrocarbons before processing or refining. Crude oil is the naturally occurring liquid petroleum extracted from underground reservoirs, while condensate is a light hydrocarbon liquid that separates from natural gas when pressure and temperature decrease during production. This indicator provides insight into a country's upstream petroleum production capacity, resource availability, and contribution to global oil supply.
Measured in thousand barrels daily, the dataset reflects domestic crude oil and condensate production, making it an important indicator of upstream energy activity, resource utilization, export capability, and petroleum sector performance.
Colombia recorded crude oil and condensate production of 1,006 thousand barrels daily in 2015, declining to 886 thousand barrels daily in 2016 and 854 thousand barrels daily in 2017. Production increased slightly to 865 thousand barrels daily in 2018 and 886 thousand barrels daily in 2019. Output declined to 781 thousand barrels daily in 2020 amid weaker market conditions and operational challenges. Production continued to fall to 736 thousand barrels daily in 2021, the lowest level during the review period, before recovering to 754 thousand barrels daily in 2022 and 777 thousand barrels daily in 2023.
Overall, the dataset highlights a gradual long-term decline in Colombia's crude oil and condensate production despite modest improvements during the final two years of the review period. The trend reflects maturing oil fields, changing investment patterns, and ongoing efforts to stabilize production through continued upstream development and operational improvements.
The dataset serves as a valuable resource for monitoring national oil production performance, evaluating upstream sector developments, and assessing long-term supply trends. It also supports production forecasting, investment analysis, energy market assessments, and policy development. Researchers, policymakers, and industry stakeholders can use the information to evaluate production efficiency, resource management strategies, and future exploration opportunities while supporting informed decision-making across Colombia's petroleum industry.