Ecopetrol

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

An essential port for Colombian energy TEY_post_-Raúl-PÉREZ-TATIS
Interview
Colombia - September 09, 2024

Raúl Pérez Tatis of Puerto Bahía talks about how the port can support hydrocarbons and clean energy.

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Colombia’s Ecopetrol touts upstream progress in Q2 results
NEWS
Colombia - August 14, 2024

Colombia’s Ecopetrol has unveiled its Q2 2024 results, highlighting progress across key areas of the nation’s energy industry.

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Maximising returns in Colombia’s E&P arena TEY_post-Álvaro-CÁRDENAS
Interview
Colombia - August 12, 2024

Álvaro Cárdenas of Datalog Colombia talks about supplying high-precision data to support drilling decisions.

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Petrobras confirms gas discovery in Colombia
NEWS
Colombia - August 05, 2024

Petrobras has confirmed a natural gas discovery in the deepwater Uchuva-2 well offshore Colombia.

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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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Articles
Abu Dhabi - December 27, 2016

In the second part of our series highlighting the best companies, projects and people of 2016, we look at stand out projects in sour gas, offshore and vertically…

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Oxy restarts production in Colombia
NEWS
Colombia - December 13, 2016

Occidental Petroleum’s Colombian unit has resumed production at the Caño-Limón oilfield, the company announced late on Monday.

Occidental de Colombia was…

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Gran Tierra scoops up Putumayo blocks
NEWS
Colombia - November 29, 2016

Gran Tierra late on Monday announced it had submitted two winning bids in the Ronda Campos Ecopetrol 2016.

The auction saw Gran Tierra pick up the Santana and…

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Ecopetrol sees output and profit fall
NEWS
Colombia - November 15, 2016

Colombia’s Ecopetrol, struggling with lower sales and production, on Tuesday announced a 65% year-on-year drop in net profit for the third quarter of 2016.

The…

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Ecopetrol alters investment scheme
NEWS
Colombia - September 30, 2016

Ecopetrol plans on investing USD 13 billion between 2017 and 2020, the Colombian state-run firm said in a statement to the country’s financial regulator…

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