Ecopetrol has accredited an funding plan of COP 22–27 trillion ($5.4–$6.7 billion) for 2026, sustaining capital ranges much like these projected for year-end 2025 whereas prioritizing upstream improvement and operational efficiencies.
Roughly 70% of subsequent yr’s finances — about COP 17.2 trillion — will go to exploration, manufacturing, refining and transport actions aimed toward sustaining output between 730,000 and 740,000 boed. The plan assumes an annual Brent worth of $60/bbl and a COP/USD alternate price of 4,050.
Ecopetrol expects to drill 380–430 improvement wells in 2026, with 95% of exercise in Colombia. Eight to 10 exploration wells are deliberate, focusing on offshore prospects in addition to Meta and Putumayo basins. Fuel investments, estimated at COP 1.5 trillion, will emphasize Llanos Foothills developments and Caribbean offshore fuel, supporting a manufacturing goal of 105,000–110,000 boed.
Transport tasks characterize about COP 1.5 trillion, largely for pipeline integrity and reliability upgrades throughout Cenit, Ocensa, ODC and ODL. Refining investments of roughly COP 1.7 trillion will give attention to availability and emissions enhancements on the Barrancabermeja and Cartagena complexes, sustaining throughput of 410,000–420,000 bpd.
The Ecopetrol Group can even make investments COP 6.2–6.8 trillion by means of its transmission subsidiary ISA — about 26% of whole spending — primarily for power-grid enlargement. Vitality transition initiatives, together with renewables and effectivity applications, account for COP 0.9 trillion, with plans so as to add roughly 750 MW of clean-energy capability.
The corporate stated it would pursue cost-reduction measures and a portfolio rotation technique to protect liquidity, focusing on an EBITDA margin close to 40% and transfers to the nationwide authorities of roughly COP 28 trillion.
