The Ecopetrol Group at a glance

Colombia

With the transformation of Colombia’s oil and gas sector a cornerstone of President Gustavo Petro’s agenda, the Ecopetrol Group is taking the lead. The Group experienced a dynamic 2024, with game-changing exploration success at the Sirius-2 well and the highest production levels seen in nine years. It is also betting strongly on sustainability and renewable energy projects.

UPSTREAM

Recent exploration milestones:

• 2024 investment in exploration: USD 330 million
• Wells drilled as part of 2024 exploration campaign: 10
• Seismic campaigns carried out: Cesar 3D, Yacopi 3D, COR 9 3D, Llanos 104 3D, Llanos 86 3D
• Exploration contract extensions in 2024: 15
• Around USD 1.3 billion to be allocated for exploration activities for 2024-2026

2024 production:

• Contribution of EOR: 307,000 boepd
• Contribution of Ecopetrol’s Permian Basin asset: 95,200 boepd
• Gas and LPG production of 173,000 boepd
• Investments in production: USD 2.262 billion
• Highest production levels in the last 9 years reached in 2024

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MIDSTREAM & DOWNSTREAM

2024 highlights:

• Highest transported volumes in the last 5 years
• Cenit-Promigas agreement as an alternative to enable new gas supply in the country
• Volume transported by the Ecopetrol Group via pipeline: 1.126 million bopd
• Highest loading levels in the history of Colombian refineries
• Preparation and successful execution of industrial production test of 32,000 barrels of sustainable aviation fuel
• Ensuring the supply of fuels in Colombia by producing diesel and jet fuel, along with 64% of the petrol the country consumes, while the rest was imported

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SUSTAINABILITY

• Goal of reaching 900 MW of renewable power by 2025, and 2.2 GW by 2030
• Total 253,000 tonnes reduction of CO2e GHG emissions in 2024
• Inauguration of the La Cira Infantas solar farm in Q4 2024 which guarantees 12,500 tonnes of CO2 emissions reduction per year
• Implementation of more than 100 digital solutions that drive energy efficiency and decarbonisation
• More than USD 78.7 million invested in Sustainable Territorial Development (including both social and environmental investments)
• New 5-MW hydrogen project planned at the Cartagena Refinery, which will produce 800 tonnes of green hydrogen yearly

Source: The Ecopetrol Group

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