Ecopetrol Group Allocates 52% of 2025 Budget to Exploration and Production. Ecopetrol Group has dedicated a substantial portion of its 2025 budget to exploration and production, totaling approximately 17.2 trillion pesos. This significant investment aims to maintain current production levels, implement advanced recovery technologies, and optimize resource utilization.
Key Highlights of Ecopetrol's 2025 Investment Strategy
- Production Targets: 740,000 to 745,000 barrels of oil equivalent per day, comprising 78% crude, 17% gas, and 5% refined products.
- Drilling Plans: 455 to 465 development wells, primarily in Colombia and the United States.
- Gas Investments: 3.1 to 3.3 trillion pesos allocated for gas projects in the Piedemonte Llanero and offshore Caribbean regions.
- Refining Segment: 1.6 trillion pesos invested in refining operations, focusing on reliability, availability, and sustainability.