Investments in hydrocarbons
Ecopetrol SA, leader of the energy sector in Colombia, has unveiled an ambitious budget for 2025, estimated between 24 and 28 trillion pesos. This plan reflects a notable increase compared to 2024 and is part of a strategy focused on financial discipline and optimization of resources.
Nearly 17.2 trillion pesos, or 52% of the budget, will be dedicated to exploration and production. This financing will make it possible to maintain production levels between 740,000 and 745,000 barrels of oil equivalent per day, distributed 78% for crude oil, 17% for natural gas, and 5% for refined products. At the same time, 455 to 465 development wells will be drilled, mainly in Colombia, supplemented by projects in the Permian Basin and the Gulf of Mexico.
Investments in transportation and refining
Investments in transportation will reach approximately 1.5 trillion pesos, intended for the integrity of infrastructure managed by subsidiaries such as Cenit Transporte y Logística and Oleoducto Central SA. The objective is to guarantee a stable flow of 1,130,000 to 1 170,000 barrels per day.
The refining segment will receive approximately 1.6 trillion pesos to ensure the reliability of operations in Barrancabermeja and Cartagena, reduce product imports, and develop renewable fuel projects. The combined refinery load is expected to reach 415,000 to 420,000 barrels per day.
Support for energy transition projects
About P6.5 trillion, representing 24 percent of the total budget, will be allocated for energy transition initiatives and related activities. These projects include the development of renewable energies, improving energy efficiency and reducing CO2 emissions. Ecopetrol forecasts a reduction of 300,000 tonnes of CO2 equivalent, contributing to its goal of reducing emissions by 30% by 2030.
Focus on sustainability
Under its SosTECnibilidad® program, the company will invest 2.3 trillion pesos in initiatives to combat climate change, preserve biodiversity, and research in technological innovation.
Financial performance and expectations
Assuming an average Brent price of USD 73 per barrel, Ecopetrol anticipates a competitive EBITDA margin of 39%, associated with transfers to the Nation of around 35 trillion pesos. Meanwhile, the company is targeting operational savings of 4 trillion pesos through cost improvements in its lifting, refining, and transportation operations.
Regional Leadership Objectives
Interconexión Eléctrica SA ESP (ISA), a key subsidiary of Ecopetrol, will benefit from 6.5 trillion pesos, with 90% of these investments directed towards strengthening the electricity transmission network, which will reach 50,400 km in 2025.
Ecopetrol thus reaffirms its leading position not only in Colombia but also on the continent, with strategic investments covering oil, gas, renewable energies, and essential infrastructure.
