November output totaled 851,048b/d, down from 863,853b/d in October, according to a mining and energy ministry statement.
The energy ministry will receive bids until midnight January 26.
Producers are unlikely to see oil prices rise significantly, however, as total global supply growth could exceed demand growth, the report states.
The energy minister announced a plan to normalize natural gas prices through 2019 in an effort to remove government subsidies to producers and return prices to international market levels. The minister also said natural gas would be exempt from the proposed carbon tax.
Local oil engineers association Acipet has challenged a court decision granting a public consultation for oil and gas projects in the central department of Meta. Meanwhile Amerisur completed drilling of a fourth well on the northern extension of the Platanillo field.