- Oil Production refers to the total amount of crude oil extracted from underground reservoirs within a country during a given year, before any refining or processing takes place.
Colombia Oil Production was 0.777 Million Barrels Daily in 2023, up 3.1% on 2022. The Oil Production dataset of Colombia from 2015 to 2023 provides a clear and consistent view of the country's oil production landscape, highlighting output trends, production levels, supply changes, industry performance, and annual market developments over the observed period.
Colombia Oil Production moved from 1.01 Million Barrels Daily in 2015 to 0.777 Million Barrels Daily in 2023 (−22.8%), an average of −3.2% a year. The series high was 1.01 Million Barrels Daily in 2015 and the low 0.736 Million Barrels Daily in 2021.
The gap between the series high (2015) and low (2021) is 0.270 Million Barrels Daily. The sharpest single-year move was −11.9% in 2016.
Among the 27 countries in this dataset, Colombia ranks 16 for 2023, behind U.S. (19.36 Million Barrels Daily) and Saudi Arabia (11.39 Million Barrels Daily). It accounts for 0.8% of the global total in 2023.
Full series
Complete annual series with year-on-year change. Values are reported in Million Barrels Daily.
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| Year | Million Barrels Daily | Change vs prior year |
|---|---|---|
| 2023 | 0.777 | +3.1% |
| 2022 | 0.754 | +2.4% |
| 2021 Trough | 0.736 | −5.8% |
| 2020 | 0.781 | −11.9% |
| 2019 | 0.886 | +2.4% |
| 2018 | 0.865 | +1.3% |
| 2017 | 0.854 | −3.6% |
| 2016 | 0.886 | −11.9% |
| 2015Peak | 1.01 | — |
Regional context
Oil Production by country, 2023, Million Barrels Daily. Colombia is highlighted.
Data definition
Oil Production — - Oil Production refers to the total amount of crude oil extracted from underground reservoirs within a country during a given year, before any refining or processing takes place. It is typically measured in thousand barrels per day (kb/d) and represents the output of crude petroleum from both conventional and unconventional sources. This indicator reflects a country’s upstream oil industry performance, resource availability, and role in global energy supply. It is widely used to assess production trends, energy security, and dependence on oil resources for economic development.
The data includes crude oil extracted from both onshore and offshore oil fields, covering production from conventional wells as well as unconventional sources such as tight oil and shale oil where applicable. It includes all crude oil produced at the wellhead before refining, processing, or blending. The indicator may also include lease condensate when reported as part of crude oil production in national energy statistics. Data is compiled from national energy agencies, oil companies, and standardized international energy databases, ensuring consistency in comparing production levels across countries and over time.
The data excludes refined petroleum products such as gasoline, diesel, jet fuel, kerosene, LPG, and other products derived from crude oil after refining. It does not include natural gas production, natural gas liquids (except where classified as condensate under crude oil reporting), biofuels, synthetic crude from coal-to-liquids or gas-to-liquids processes, or refinery gains. The indicator does not measure oil consumption, reserves, imports, exports, or refining capacity. Minor variations may arise due to differences in national reporting standards, classification of condensates, and estimation methodologies used across countries.
Oil Production — - Oil Production refers to the total amount of crude oil extracted from underground reservoirs within a country during a given year, before any refining or processing takes place. It is typically measured in thousand barrels per day (kb/d) and represents the output of crude petroleum from both conventional and unconventional sources. This indicator reflects a country’s upstream oil industry performance, resource availability, and role in global energy supply. It is widely used to assess production trends, energy security, and dependence on oil resources for economic development.
Measured in thousand barrels daily, the dataset reflects total oil production and serves as an important indicator of upstream activity, domestic energy supply, investment trends, resource development, and the overall performance of Colombia's petroleum sector. The dataset supports evaluation of production stability, field maturity, and fluctuations in upstream output driven by both operational and market conditions.
Colombia produced 1,006 thousand barrels daily in 2015 before declining to 886 thousand in 2016 and 854 thousand in 2017. Production then increased slightly to 865 thousand barrels daily in 2018 and 886 thousand in 2019, reflecting short-term recovery supported by improved field performance and stabilization in certain producing regions. Output fell significantly to 781 thousand barrels daily in 2020 and 736 thousand in 2021, largely due to global demand disruptions, investment slowdowns, and natural field decline. Production recovered modestly to 754 thousand barrels daily in 2022 and 777 thousand in 2023, indicating partial stabilization driven by improved operational efficiency and gradual recovery in upstream activity.
Overall, the dataset illustrates a pattern of moderate volatility followed by partial recovery in the final years. While Colombia remains a significant oil producer in South America, long-term production stability is increasingly dependent on continued exploration, enhanced recovery techniques, and improved investment conditions to offset declining output from mature fields.
The dataset serves as a valuable resource for monitoring national oil production performance, evaluating supply trends, assessing upstream investment, supporting market analysis, forecasting future production, and enabling policymakers, researchers, investors, and industry stakeholders to develop effective energy strategies and production planning.
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Definition- Oil Production refers to the total amount of crude oil extracted from underground reservoirs within a country during a given year, before any refining or processing takes place. It is typically measured in thousand barrels per day (kb/d) and represents the output of crude petroleum from both conventional and unconventional sources. This indicator reflects a country’s upstream oil industry performance, resource availability, and role in global energy supply. It is widely used to assess production trends, energy security, and dependence on oil resources for economic development.
Colombia Oil Production was 0.777 Million Barrels Daily in 2023, up 3.1% on 2022.
Colombia Oil Production moved from 1.01 Million Barrels Daily in 2015 to 0.777 Million Barrels Daily in 2023 (−22.8%), an average of −3.2% a year. The series high was 1.01 Million Barrels Daily in 2015 and the low 0.736 Million Barrels Daily in 2021.
The highest value was 1.01 Million Barrels Daily in 2015 and the lowest was 0.736 Million Barrels Daily in 2021.
Included: The data includes crude oil extracted from both onshore and offshore oil fields, covering production from conventional wells as well as unconventional sources such as tight oil and shale oil where applicable. It includes all crude oil produced at the wellhead before refining, processing, or blending. The indicator may also include lease condensate when reported as part of crude oil production in national energy statistics. Data is compiled from national energy agencies, oil companies, and standardized international energy databases, ensuring consistency in comparing production levels across countries and over time. Excluded: The data excludes refined petroleum products such as gasoline, diesel, jet fuel, kerosene, LPG, and other products derived from crude oil after refining. It does not include natural gas production, natural gas liquids (except where classified as condensate under crude oil reporting), biofuels, synthetic crude from coal-to-liquids or gas-to-liquids processes, or refinery gains. The indicator does not measure oil consumption, reserves, imports, exports, or refining capacity. Minor variations may arise due to differences in national reporting standards, classification of condensates, and estimation methodologies used across countries.
The series is sourced from energyinst.org (https://www.energyinst.org/__data/assets/pdf_file/0006/1542714/684_EI_Stat_Review_V16_DIGITAL.pdf). It covers 2015–2023 and is reported in Million Barrels Daily.
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