#Ecopetrol #Colombia #Bogota #Oil Reserves

Ecopetrol's Remarkable Reserves Achievement in 2025

Ecopetrol S.A., the largest oil company in Colombia and a prominent player in the American energy sector, has recently published its remarkable findings regarding proven reserves of oil and natural gas. As of the end of 2025, the Ecopetrol Group reported a total of 1,944 billion barrels of oil equivalent (mmboe), marking a notable increase of 2.7% when compared to the previous year. This achievement is particularly significant as it represents a reserves replacement ratio of 121%, which is the highest level recorded in the last four years.

Key Factors Driving Growth

The substantial growth in reserves can be attributed to several strategic initiatives undertaken by Ecopetrol. Notably, the company has focused on executing enhanced recovery projects, particularly in high-performing fields such as Castilla, Chichimene, and Akacias. These projects have successfully contributed to the overall improvement of operational management, especially in other fields like Rubiales and La Cira–Infantas, which emphasized asset efficiency and value creation.

In addition, Ecopetrol's agreements with the Agencia Nacional de Hidrocarburos (ANH) played a crucial role in adding 100 mmboe, further solidifying its reserves figures. This proactive approach not only enhances the company’s sustainability but also aligns with its long-term strategy to navigate the challenges posed by fluctuating market conditions, including changes in oil prices—where the Brent reference price experienced a 13.9% decline from the previous year.

Comprehensive Breakdown of 2025 Proven Reserves

The consolidated balance for Ecopetrol's proven reserves as of December 31, 2025, showcases significant figures, with the following highlights:

• - Proven reserves as of December 31, 2024: 1,892.7 mmboe
• - Revisions: 140.8 mmboe
• - Enhanced Recovery Contributions: 142.6 mmboe
• - Extensions and Discoveries: 16.1 mmboe
• - Production Impact: -248.0 mmboe
• - Final Proven Reserves: 1,944.2 mmboe

The increments reflected in the breakdown demonstrate Ecopetrol's capability to manage its resources strategically, ensuring a balance between production and sustainable growth.

Ecopetrol's Strategic Position in the Market

Ecopetrol continues to strengthen its positioning not just within Colombia, where it is responsible for over 60% of hydrocarbon production, but also on a continental level. The company employs more than 19,000 individuals and is actively involved in various sectors, including petrochemicals, gas distribution, and energy transmission. With its recent acquisition of 51.4% of ISA's shares, Ecopetrol has expanded its footprint in energy transmission and critical infrastructure, including participation in various international activities across strategic basins in the U.S., Brazil, and Mexico.

The solid foundation laid down through these initiatives signifies Ecopetrol's commitment to not only bolster its production capabilities but also to create a resilient business model adaptable to external market dynamics.

Conclusion

In conclusion, Ecopetrol's impressive record for 2025 stands as a testament to its effective management and strategic foresight in the energy sector. Amidst challenging market conditions, the increase in proven reserves and the 121% replacement ratio underline the company's solid operational framework, ensuring sustained growth and value generation. This significant achievement not only enhances its competitive edge but also paves the way for a sustainable energy future in the region. With strong commitments to recovery projects and operational efficiencies, Ecopetrol reaffirms its position as a leading energy company in the Americas.

For further inquiries and details regarding Ecopetrol’s operations and strategic plans, please contact their Investor Relations Office.