Prime Highlights
- Ecopetrol plans to invest up to 27 trillion pesos ($7.2 billion) in 2026 to expand operations and support long-term energy growth.
- The company targets production of up to 740,000 boepd, supported by new wells and enhanced recovery technologies.
Key Facts
- 14 trillion pesos will go toward exploration and production, with 89% for crude oil and 11% for natural gas.
- Ecopetrol will drill 380–430 development wells, mostly in Colombia, along with 8–10 exploratory wells in offshore and regional basins.
Background:
Colombian state-owned oil and gas company Ecopetrol has announced its investment plan for 2026, with 22-27 trillion pesos ($5.8-$7.2 billion) set aside to boost operations and production.
Most of the funding, 14 trillion pesos, will go to exploration and production, with 89% for crude oil and 11% for natural gas. The company plans to produce 730,000-740,000 barrels of oil per day, with 80% crude oil, 15% gas, and 5% other products. It will use new techniques to maintain production, with higher crude oil output helping to offset drops in gas production.
Ecopetrol plans to drill 380-430 development wells, mostly in Colombia, with a small portion in the US, and 8-10 exploratory wells in offshore areas and the Meta and Putumayo regions. Gas projects in the Llanos Foothills and offshore zones will receive 1.5 trillion pesos, supporting production of 105,000-110,000 boepd.
The company will also invest 1.5 trillion pesos in transport infrastructure, accounting for 6% of the total budget, to maintain the integrity and reliability of assets managed by Cenit, Ocensa, ODC, and ODL. Forecasts suggest transported volumes will reach 1,110,000–1,120,000 barrels per day, matching national output and refined product demand.
Ecopetrol will invest about 1.7 trillion pesos (7% of its budget) in refining to cut fuel imports and improve fuel quality. Funds will support operations at the Barrancabermeja and Cartagena refineries, targeting a combined throughput of 410,000–420,000 bpd.
In corporate developments, Ángela María Robledo Gómez was elected chairwoman and Álvaro Torres Macías vice-chairman of Ecopetrol’s Board, while independent director Guillermo García Realpe will step down on 12 December 2025 for personal reasons.
Ecopetrol’s 2026 investment plan highlights its commitment to production growth, infrastructure improvement, and long-term energy resilience in Colombia and beyond.
