The ministry also expects 24,000km of 2D seismic to be acquired. In addition, the government is expected to sign 120 new oil contracts in the period, the report said.
Upcoming project completions include a third high-tension ring to the Atlantic coast by end-March 2007.
Further, energy solutions planning institute Ipse will implement a new structure for providing electricity with qualified operators.
Other goals include replacing diesel-fired generation plants with renewables such as small-scale hydro and biomass.
The ministry also plans to increase natural gas production to 1 billion million cubic feet a day (28 million cubic meters a day) and up transport capacity to 220 million cubic feet a day (Mf3/d).
By 2010, 160,000 vehicles will run on natural gas from the current 130,000-plus and 300,000 new residential, commercial and industrial clients will use this fuel.
In 2008, Colombia will begin exporting 150Mf3/d of natural gas to Venezuela and in 2012 will import the fuel from Venezuela, guaranteeing supply to Colombia for 50 years.
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