Ecopetrol S.A. Board of Administrators have accepted the 2025 funding funds of the Ecopetrol Group for an quantity between 24 and 28 trillion pesos, with greater than half the accepted funds earmarked for crude and gasoline exploration and manufacturing.
Roughly 20.3 trillion pesos are anticipated to be allotted in 2025, akin to 76% of the annual funds, for worthwhile manufacturing between 740,000 and 745,000 barrels of oil equal per day (boed), a median refinery load between 415,000 and 420,000 bpd, and transportation between 1,130,000 and 1,170,000 bpd.
Hydrocarbons line
For 2025, investments within the exploration and manufacturing section are anticipated to be roughly 17.2 trillion pesos (roughly 52% of the annual funds for crude oil-related investments and round 12% for gas-related investments) and are anticipated to permit natural manufacturing ranges in 2025 between 740,000 and 745,000 barrels of oil equal per day (78% crude, 17% gasoline, and 5% white merchandise), searching for to implement restoration applied sciences to optimize using accessible assets and keep manufacturing ranges. Crude oil manufacturing in Colombia is anticipated to proceed rising and compensating for the pure decline of gasoline fields.
In 2025, Ecopetrol plans to drill between 455 and 465 improvement wells, of which 79% can be executed in Colombia and the remaining 21% in the USA. When it comes to exploration, Ecopetrol has plans to drill 10 wells primarily within the Llanos space and offshore Caribbean of Colombia. Gasoline investments are estimated between 3.1 and three.3 trillion pesos in 2025, primarily within the Piedemonte Llanero and offshore, to develop Caribbean Colombia gasoline, contributing to a manufacturing of roughly 123,000 barrels of oil equal per day (which represents about ~700 million cubic ft of pure gasoline), of which 85% would characterize gasoline provide for the nation.
Investments within the refining section are anticipated to succeed in roughly 1.6 trillion pesos, corresponding to six% of the entire funding quantity estimated for 2025, and are anticipated to be centered on making certain the reliability, availability, and sustainability of the operation of the Barrancabermeja and Cartagena refineries, making certain the event of packages that would scale back product imports, making certain higher high quality fuels, and maturing renewable gasoline (SAF) tasks. The joint load of the refineries is anticipated to be between 415,000 and 420,000 barrels per day.
Energies for the transition line
To advance the vitality transition in parallel with the decarbonization of operations within the hydrocarbons enterprise, the annual funding funds has additionally foreseen to allocate assets to unconventional renewable vitality and vitality effectivity tasks, amongst others.
The monetary plan for 2025 seeks to make sure aggressive returns in a state of affairs of Brent costs averaging US$73/barrel, producing an EBITDA margin at ranges near 39%. The plan incorporates effectivity targets for 2025, exceeding 4 trillion pesos, aiming to seize financial savings in operational administration and funding tasks, to realize enhancements of their lifting price, complete refining price and value per barrel transported indicators.
About Ecopetrol
Ecopetrol is the most important firm in Colombia and one of many most important built-in vitality corporations within the American continent. In Colombia, it’s chargeable for greater than 60% of the hydrocarbon manufacturing of most transportation, logistics, and hydrocarbon refining techniques, and it holds main positions within the petrochemicals and gasoline distribution segments. On the worldwide stage, Ecopetrol has a stake in strategic basins within the American continent, with drilling and exploration operations in the USA (Permian basin and the Gulf of Mexico) and Brazil.
1 Trade fee USD/COP 4,100
