In 2018, Colombia exceeded its oil production target

In 2018, according to data from the National Hydrocarbons Agency (ANH), national crude oil production exceeded an average of 863,000 barrels per day.

That figure is above the target set by the Government at 844 thousand barrels per day according to estimates from the Medium-Term Fiscal Framework (Mfmp).

On October 10, the president of the ANH, Luis Miguel Morelli, assured that the country would close the year at crude production levels of 858 thousand barrels per day.

According to the annual crude production balance of the ANH, the Meta department is considered the top oil producer in Colombia, with a share close to 50% of national production, exceeding 420,000 barrels per average day during 2018.

The eastern plains region contributed an average production of 638,000 barrels per average day during the same period, representing about 74% of national production.

According to the Fiscal Framework, national crude production will increase in 2019 to 872 thousand barrels per day, in 2020 to 936 thousand, and from there, it will begin a downward trend.

Throughout 2017, the country had produced a total of 854 thousand barrels of oil per day.