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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Pemex withdraws from Round One bid
NEWS
Mexico - July 10, 2015

National oil company Pemex announced on Wednesday that it withdrew its participation from Mexico’s Round One tender.

Next week’s tender will feature 14…

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Ecopetrol sets record oil production
NEWS
Colombia - July 08, 2015

Colombian state-owned Ecopetrol has reported record production numbers at its oilfields. In a recent statement, the state oil and gas company stated that its Pauto and…

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New bomb attack on Colombia pipeline
NEWS
Colombia - June 30, 2015

A week after a bombing of Colombia’s Transandino pipeline caused a massive oil spill, Farc rebels have attacked another section of the line.

The bombing in…

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FARC causes damage to pipeline
NEWS
Colombia - June 18, 2015

The Revolutionary Armed Forces of Colombia (FARC) have blown up a part of the country’s second largest pipeline, the Colombian army said on Wednesday.

A section of…

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