Colombia Oil Investments Could Hit $4.68 Billion in 2025

Wait 5 sec.

Crude oil and natural gas investments in Colombia could rise to $4.68 billion this year, from $4.33 billion in 2024, the country’s oil and gas industry association said, adding that this will not lead to higher production. “Today more investment is required to produce the same amount of oil, due to the natural depletion of the fields and the complexity of the operating environment,” the president of the Colombian Oil and Gas Association said, as quoted by Reuters. Of this total, the bulk, or $3.94 billion, would be spent on production,…