Ricardo ROA BARRAGÁN

President and CEO

ECOPETROL GROUP

Natural gas represents a huge opportunity for Ecopetrol and for Colombia. If volumes are economically viable and significant, we will be able to not only cover our national demand but also export gas.
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Ecopetrol In Figures

Planned yearly spending over 2020-2040:USD 5 billion-6 billion

Share of 2020-2040 investments targeting the energy transition:42%

Ecopetrol is the largest company in Colombia, responsible for 60% of hydrocarbons production in the country, and one of the leading integrated energy groups in the Americas, with operations in at least eight countries. Its operations span the hydrocarbons value chain (upstream, midstream and downstream), gas distribution, energy transmission, management of real-time systems, road concessions and telecommunications.

Ecopetrol also owns the two largest refineries in Colombia (Barrancabermeja and Cartagena) and the majority of the infrastructure in the transportation segment.

On the international front, Ecopetrol’s strategic focus is on the basins of the Americas. It operates and participates in exploration and production projects in the USA (Permian Basin and Gulf of Mexico), Brazil and Mexico.

As part of its technology, environmental, social and governance (TESG) agenda, the company is leading several initiatives for diversification and decarbonisation through – among other approaches – renewables, electrification, natural climate solutions and hydrogen.

Under to Ecopetrol’s 2020-2040 strategy, the company aims to keep investing in traditional oil and gas while also betting on a swift energy transition.

 

Ecopetrol News and Interviews

Parex closes deal to become Colombia’s largest independent
NEWS
Colombia - June 03, 2026

Parex Resources has closed its acquisition of Frontera Energy’s E&P assets in Colombia to become the country’s largest…

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Parex grows footprint in Colombia’s Magdalena Basin
NEWS
Colombia - May 05, 2026

Parex Resources has agreed to acquire a 50% stake in Ecopetrol’s upstream assets in Colombia’s Magdalena Basin.

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Ecopetrol takes 26% in Brava Energia, seeks majority control
NEWS
Brazil - April 24, 2026

Ecopetrol has agreed to buy 26% of Brava Energia and is planning a tender offer to obtain a controlling stake in the company.

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Petrobras confirms new gas discovery offshore Colombia
NEWS
Colombia - March 18, 2026

Petrobras has confirmed a new gas discovery in Colombia’s deepwater offshore, strengthening the country’s gas potential and…

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Ecopetrol, Parex strike oil
NEWS
Colombia - March 30, 2017

Ecopetrol has struck oil with its Boranda-1 well, the Colombian NOC said on Thursday, further proving the potential value of the country’s mature basins.

The well…

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Ecopetrol shares production loss figures
NEWS
Colombia - March 22, 2017

Colombia’s Ecopetrol on Tuesday said attacks by the National Liberation Army (ELN) had resulted in losses of 893,000 bopd so far this year.

According to the state…

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Week in review
NEWS
Multinational - March 18, 2017

The oil and gas news of the past week was a mixed bag. A major Wood Group acquisition set things in motion on Monday, with the highlights of the past week ranging from…

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Ecopetrol chief under scrutiny
NEWS
Colombia - March 14, 2017

A number of high-ranking Colombian officials including Ecopetrol CEO Juan Carlos Echeverry are implicated in an investigation into a USD 6-billion corruption case…

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Success in Colombia, Anadarko eyes more
NEWS
Colombia - March 09, 2017

Ecopetrol on Wednesday announced it had struck gas with the Purple Angel-1 well in the Anadarko-operated Purple Angel block. The find extends the reservoir discovered…

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Week in review
NEWS
Multinational - February 25, 2017

The news of the past week revolved around major deals in Abu Dhabi, a fresh oil find and additional reserves in Iraq and a slew of annual results announcements.…

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Ecopetrol reports drop in reserves
NEWS
Colombia - February 22, 2017

On Tuesday, Colombian NOC Ecopetrol released a report it had filed with the US Securities and Exchange Commission containing key reserves figures.

According to the…

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Trinidad govt mulls Petrotrin overhaul
NEWS
Trinidad and Tobago - January 13, 2017

The prime minister of Trinidad and Tobago, Keith Rowley, in a televised address late on Wednesday hinted at an overhaul of state-run Petrotrin.

Having averted a…

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Colombia E&P sees good start to 2017
NEWS
Colombia - January 02, 2017

Colombia’s Ecopetrol announced late December that its 100% owned subsidiary Hocol had encountered gas near-shore in Atlanticó department. The Bullerengue Sur-1 well,…

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