In spite of opening its oil and gas sector as early as 2003, as of 2018 Colombia’s national government is still the leading incumbent in the sector, thanks to its 88.49% stake in the dominant player, Ecopetrol. The state-owned company continues to lead the sector across all segments, from the upstream where it is directly responsible for 53.3% of the crude oil produced in the country as of 2018, to the downstream where it owns all the major pipelines through its subsidiary Cenit. The oil and gas sector is composed of more than 50 companies, of which 27 account for 96% of the hydrocarbon production and 70% of the exploratory activities in the country as of end-2018, according to ACP, the Colombian Oil Association.

01 EXECUTIVE SUMMARY 

02 SECTOR IN FOCUS 

03 COMPETITIVE LANDSCAPE 

04 COMPANIES IN FOCUS 

05 REGULATORY ENVIRONMENT 

06 OIL 

07 NATURAL GAS 

08 RETAIL CHANNELS