[NTBKtrader]

Colombian oil production has fallen from a peak of 820,000 barrels per day in 1999, due in part to violence associated with the country's four-decade-old guerrilla war. Production was 538,709 barrels per day (bpd) in May.

"The difference between Colombia and some of its neighbors is that Colombian oil production is declining. So they need private investment in order to stabilize production and, hopefully, raise it," said Linda Giesecke, an analyst at Boston-based Energy Security Analysis Inc.

http://today.reuters.com/investing/fina ... DATE-2.XML

[PeakOiler]

Colin Campbell stated just about the same thing in the July, 2002 ASPO Newsletter:

$this->bbcode_second_pass_quote('', '[')Colombian] Production, reflecting the two main discovery cycles, reached a peak of 816 kb/d in 1999 at the midpoint of depletion. A marked decline to 625 kb/d by 2001 gives a current depletion rate of just under 5% a year. Consumption stands at about 230 kb/d, less than 40% of production, meaning that the country is presently an important exporter, largely to the United States.