Conclusion: A crucial point

Fluctuating around the million barrel per day mark, the Colombian oil and gas story is at a crucial point. Aging oil fields, limited reserves found in small deposits and a familiar host of social and environmental obstacles are current concerns. However, the game-changer in the coming years may well come from the results of exploration from unconventional and offshore resources. If such exploration proves fruitful, the funds and motivation to solve the other issues should be available and Colombia can move on to the next stage as a significant player in the world of oil and gas.

For additional information on Colombia's oil and gas industry, visit Colombia's periodical publication at http://www.colombiaenergia.com.

This report was prepared by Caroline Stern, Alice Pascoletti, Ramzy Bamieh and Josie Perez of Global Business Reports. For more information contact info@gbreports.com.