Ecopetrol – Oil & Gas 360

Ecopetrol posts 1.94 Bboe in proved reserves, replaces 121% of production in 2025

February 20, 2026

(World Oil) – Ecopetrol reported proved reserves of 1.94 Bboe at year-end 2025, representing a 2.7% increase from 2024 and marking the company’s highest annual reserve additions in four years. The Colombian national oil company added 300 MMboe of proved reserves during 2025 and achieved a reserves replacement ratio of 121%, driven primarily by enhanced recovery projects and improved operational performance across

Ecopetrol to drill up to 430 wells under 2026 investment plan as upstream remains priority

December 1, 2025

(World Oil) – Ecopetrol has approved an investment plan of COP 22–27 trillion ($5.4–$6.7 billion) for 2026, maintaining capital levels similar to those projected for year-end 2025 while prioritizing upstream development and operational efficiencies. Roughly 70% of next year’s budget — about COP 17.2 trillion — will go to exploration, production, refining and transport activities aimed at sustaining output between 730,000

Ecopetrol targets Brazil’s onshore oil and gas, eyes Petrobras Bahia Terra cluster

September 19, 2025

(World Oil)– Colombian oil producer Ecopetrol SA is pursuing oil and gas deals in Brazil that could include a cluster of onshore Petrobras fields in the northeastern state of Bahia. “We believe that Brazilian onshore has great potential, especially in natural gas,” Jorge Martínez, the head of Ecopetrol’s operations in Brazil, said in an interview from the company’s offices in

Ecopetrol will push on with gas drilling in Colombia after Shell exit

May 29, 2025

(World Oil) – Ecopetrol SA plans to continue drilling for natural gas in Colombian Caribbean waters after partner Shell Plc exited three offshore blocks, betting on growing domestic demand and potentially lucrative reserves. Shell said in April it would pull out of the COL-5, Purple Angel and Fuerte Sur blocks as part of a “strategic” decision, ending its oil and gas

Ecopetrol eyes SierraCol purchase to boost output, reserves in Colombia

April 2, 2025

(World Oil) – Colombia’s state-owned Ecopetrol SA is considering buying Carlyle Group’s oil driller in the nation as it looks to boost reserves and output, its top executives said in an interview. Carlyle Group is seeking to sell SierraCol Energy Ltd., Colombia’s biggest independent oil producer, for $1.5 billion, Reuters reported last month. The assets were purchased from Occidental Petroleum Corp.

Ecopetrol looks to boost production from Colombia’s oil-rich eastern block

February 21, 2025

(World Oil) – (Bloomberg) – State-controlled oil driller Ecopetrol SA sees “great potential” for development and exploration in Colombia’s crude-producing heartland alongside bets on U.S. fracing and offshore gas. The company said this month that it now has full ownership of the CPO-09 block in the nation’s oil-rich eastern plains after completing its $452 million acquisition of Repsol SA’s 45% stake.

Colombian president cancels oil joint venture with U.S. company

February 5, 2025

(Oil Price) – Colombia’s president, Gustavo Petro, has canceled a joint venture between state energy company Ecopetrol and Occidental Petroleum on environmental concerns regarding hydraulic fracturing. Bloomberg reported that Petro had shared his concern on national TV, saying he was against a recent expansion of the deal between Ecopetrol and Oxy because it involved fracking, going counter to his energy policy

Ecopetrol, OXY to drill 34 wells in Permian under development plan extension

February 3, 2025

(World Oil) – Ecopetrol S.A. announced that its U.S. subsidiary, Ecopetrol Permian, has reached an agreement with Occidental Petroleum (OXY) to extend its development plan of Rodeo Midland Basin LLC under the joint-venture first established in July 2019. his agreement, reached by the companies, includes a drilling plan for 34 wells between April 2025 and June 2026, in addition to

Ecopetrol acquires Repsol’s onshore Colombia asset to increase production by 7,000 bopd

December 31, 2024

(World Oil) – Ecopetrol S.A. announces that they have successfully concluded negotiations with Repsol to acquire the remaining 45% of its stake in block CPO-09, located in the Meta department. With this transaction, Ecopetrol becomes the sole owner of this strategic asset in the Piedemonte Llanero. This block is located in the municipalities of Villavicencio, Acacías, Guamal, Castilla La Nueva,

Turmoil at Colombia’s Ecopetrol raises profit fears ahead of US investment decision

December 20, 2024

(Yahoo Finance) – BARRANCABERMEJA, Colombia – Alleged interference by Colombian President Gustavo Petro in majority state-owned Ecopetrol and purges of hundreds of staff to make way for pro-government replacements are fueling fears about the energy company’s future profits and contributions to the economy. The worries, according to interviews with workers, ex-employees, a former board member and analysts, come ahead of

Petrobras and Ecopetrol uncover historic gas find in Colombia

December 5, 2024

(Oil Price) – Brazilian oil giant Petrobras, in partnership with Colombia’s state-run Ecopetrol, has confirmed the largest natural gas discovery in Colombia’s history. Drilling results from the Sirius-2 well, located in the Guajira Offshore Basin, have revealed over 6 trillion cubic feet (Tcf) of gas in place—enough to potentially double the country’s existing reserves. Petrobras holds a 44.44% stake in the

Petrobras, Ecopetrol ordered to halt drilling natural gas well offshore Colombia

September 16, 2024

World Oil (Bloomberg) – A Colombian judge ordered Ecopetrol SA and Petroleo Brasileiro SA to halt the drilling of an offshore gas well in the nation’s Caribbean waters after an Indigenous community sought legal protection. The community in the area of Taganga, near the city of Santa Marta, claimed their consent should have been requested before the companies were allowed

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