With an up and coming offshore wind industry, future solar projects and a thriving oil and gas sector, Barranquilla is Colombia’s leading energy capital.
With some of the best educational institutions in the country, a strong health-care system, and the second largest carnival in the world, Barranquilla leads in nearly every sector. The offshore wind and energy industry continues to expand, providing an example of expertise to other countries.
The Port of Barranquilla is strategically located near the offshore blocks in the region. This system spans 22 km and has many private and public terminals to foster the growth of the offshore industry. The city also receives cargo inland through the Magdalena River through connections with 459 ports in 122 countries.
This represents a great opportunity for international companies from major energy cities specialising in environmental studies, ocean technology and innovation. Looking forward, findings in the Colombian Caribbean will create new jobs, technical training and build current oil and gas services.
In 2013, Colombia’s oil production was over one million barrels per day (bpd). All this production came from inland sources as Colombia had not yet tapped into offshore oil production.
By 2017, Colombia had 1.6 billion barrels of proven reserves. Given that the oil and gas industry is a key driver in economic growth in Barranquilla, finding new resources and bringing them into production is a main focus of the government.
With four major discoveries made in the last three years, Barranquilla’s offshore sector has shown significant opportunity for growth. The government prides itself on its focus on exploring new areas and elevating the renewable energy sector with new wind and solar projects.