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Ecopetrol

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
Parex closes deal to become Colombia’s largest independent
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
Parex grows footprint in Colombia’s Magdalena Basin
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
Ecopetrol takes 26% in Brava Energia, seeks majority control
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
Petrobras confirms new gas discovery offshore Colombia
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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Interview
A dynamic approach to O&M
Colombia - February 04, 2025

Reinaldo Rodríguez, regional vice-president of Magnex, talks to The Energy Year about the company’s competitive advantages in operations and maintenance services in…

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TEY_post_Victor-Delgado
Interview
Tailor-made workovers
Colombia - February 04, 2025

Victor Andrés Delgado Chavez, director general of Full Services, talks to The Energy Year about the importance of workover services for the company and how…

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Interview
Managing Colombia’s E&P market
Colombia - February 04, 2025

Rosmilar Ceballo, executive president of Atina Energy, talks to The Energy Year about how the company is addressing constraints in exploration and production and how it…

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A need to accelerate gas exploration_Tomas-Gonzalez
Interview
A need to accelerate gas exploration
Colombia - February 04, 2025

Tomás González, director of the Regional Centre for Energy Studies (CREE), talks to The Energy Year about the need to accelerate natural gas exploration and…

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