Ecopetrol to invest up to $7.2bn next year

Colombian state-owned lipid and state institution Ecopetrol has unveiled its yearly concern program for 2026, with an magnitude betwixt 22tn ($5.8bn) and 27tn pesos.

The company’s concern successful exploration and accumulation is expected to full 14tn pesos, with 89% allocated to crude lipid and 11% to gas.

The program targets integrated accumulation of 730,000–740,000 barrels of lipid equivalent per time (boepd), comprising 80% crude, 15% state and 5% achromatic products.

Ecopetrol volition deploy betterment technologies to optimise resources and prolong production.

Crude lipid output is projected to increase, offsetting earthy state tract declines.

The institution plans to drill 380–430 improvement wells successful 2026, with 95% of them located successful Colombia and 5% successful the US.

The plans besides see 8 to 10 exploratory wells successful Colombia, focusing connected offshore regions arsenic good arsenic the Meta and Putumayo areas.

Ecopetrol has planned 1.5tn pesos of concern successful gas, focused connected the Llanos Foothills and offshore zones to beforehand Caribbean state projects.

These initiatives are expected to enactment accumulation of astir 105,000–110,000boepd.

The company’s planned concern successful transport infrastructure amounts to 1.5tn pesos, oregon 6% of the full budget.

This backing is earmarked for projects aimed astatine maintaining the integrity and reliability of assets managed by Cenit, Ocensa, ODC and ODL.

Forecasts bespeak transported volumes volition beryllium betwixt 1,110,000 and 1,120,000 barrels per time (bpd), successful enactment with nationalist output and request for refined products.

Refining investments are expected to scope astir 1.7tn pesos, accounting for 7% of the wide budget, reducing merchandise imports and enhancing substance quality.

The institution is allocating the funds to the Barrancabermeja and Cartagena refineries, with a projected combined throughput of 410,000–420,000bpd.

In a abstracted development, Ecopetrol’s Board of Directors elected Ángela María Robledo Gómez arsenic chairwoman and Álvaro Torres Macías arsenic vice-chairman.

Guillermo García Realpe is resigning from his presumption arsenic an autarkic manager of the committee for idiosyncratic reasons, effectual from 12 December 2025.

"Ecopetrol to put up to $7.2bn adjacent twelvemonth " was primitively created and published by Offshore Technology, a GlobalData owned brand.

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