#Ecopetrol #Colombia #Bogota #Canacol Energy #confidentiality

Ecopetrol Clarifies Recent Media Reports

Ecopetrol S.A., the leading energy company in Colombia, has taken a proactive step in addressing recent media reports concerning its operations. On September 8, 2025, the company formally announced their entry into a confidentiality agreement with Canacol Energy, a Canadian gas producer. This decision was aimed at facilitating a secure exchange of information between the two parties and ensuring that all exchanges comply with necessary legal requirements.

The timetable of the agreement is significant, as it was established in the final days of August, just before the media picked up on this development. The main objective of this collaboration lies in the adherence to standard practices within the industry, ensuring both companies maintain confidentiality while engaging in discussions of potential operational interest. However, it is crucial to note that this agreement does not impose any binding commitments on either party. Ecopetrol has made it clear that entering into this agreement does not obligate it to take any further actions or make public disclosures absent proper market conditions.

Ecopetrol stands as a key player not only in Colombia but across the American continent, holding a dominant market share in hydrocarbon production, transportation, logistics, and refining. The company employs over 19,000 individuals, showcasing its substantial impact on the local economy. In Colombia, it is responsible for over 60% of hydrocarbon production, underscoring its critical role in national energy security. Additionally, the firm has diversified its portfolio significantly, involving itself in energy transmission through its acquisition of 51.4% of Interconexión Eléctrica S.A. (ISA), which operates across several South American countries.

In the current landscape, transparent communication becomes paramount. As per Ecopetrol’s policy, should any activity arise that necessitates market disclosure, the company is committed to informing stakeholders promptly through the established regulatory channels. This reinforces the company’s dedication to maintaining trust with investors and the public.

Ecopetrol's extensive engagement in exploration across strategic basins extends to operations in pivotal regions such as the United States’ Permian Basin and Gulf of Mexico, Brazil, and Mexico. Its operations are critical not only within Colombia but also in international markets, influencing the dynamics of the energy sector across borders.

Furthermore, the statement highlights the possible future-oriented statements involved, as dictated by both U.S. Securities Acts. The company acknowledges the inherent risks and uncertainties tied to growth prospects, capital access, and the performance fluctuations of oil and gas market prices. Stakeholders are encouraged to consider these dynamics cautiously as they evaluate the company's future.

Ecopetrol continues to engage diligently with market developments, ensuring that it balances operational confidentiality with the imperative of transparency. Its substantial role in the energy sector places it at the forefront of Colombia's industrial framework, and as such, any information regarding its corporate actions will be handled with the utmost diligence and fairness.

As the market watches closely, Ecopetrol remains a key pillar within not just the Colombian economy but also as a significant entity in global energy discussions. Stakeholders can expect further updates as the company navigates this critical juncture in its operational journey.