November 13, 2026: India’s state-owned oil company ONGC Videsh plans to increase oil production in Colombia from about 22,000 barrels a day to more than 30,000 by mid-2027 and raise its investment next year. Country manager Niranjan Roul announced the targets on November 8, 2026, at the IX Oil, Gas and Energy Summit in Cartagena.

The target depends on drilling results in block CPO-5, in the department of Meta, where the company holds a 70% stake and operates the field. If everything goes as planned, the jump of about 36% would add roughly 8,000 barrels a day, equal to about 1.1% of national output.

The announcement comes at a delicate moment for Colombia’s oil sector. Crude output fell 2.92% year over year in September to 729,593 barrels per day, and Colombia has not signed a new exploration contract since 2022. Foreign operators with active fields therefore carry unusual weight in the country’s plan to regain energy self-sufficiency.

Roul’s remarks show how one Indian company views that moment, including its optimism, its conditions and its requests to Colombia. They start with the fields that the company already operates in the Llanos Orientales, the plains of eastern Colombia, and with the results that justify its confidence.

(Source: Columbia One)