Ecopetrol records 1,944 billion barrels of oil equivalent in proven reserves at the close of 2025, replacing 121% of production, with the highest contribution in the last four years

Core Insights - Ecopetrol reported proven reserves of 1,944 million barrels of oil equivalent (mmboe) at the end of 2025, achieving a reserves replacement ratio of 121% [1][1][1] - The average reserve life for the Ecopetrol Group is 7.8 years, with a 2.7% increase in proven reserves compared to the end of 2024 [1][1][1] - The company’s effective management and execution of recovery projects contributed significantly to the reserves replacement, marking the highest contribution in the last four years [1][1][1] Reserves Details - Proven reserves as of December 31, 2024, were 1,892.7 mmboe, with revisions adding 140.8 mmboe and enhanced recovery contributing 142.6 mmboe [1][1] - The reserves contributions were primarily from enhanced recovery projects in the Castilla, Chichimene, and Akacias fields, as well as improved operational management in the Rubiales and La Cira-Infantas fields [1][1][1] - The Brent reference price for 2025 was USD 68.64 per barrel, a decrease of 13.9% from USD 79.69 per barrel in 2024 [1][1][1] Company Overview - Ecopetrol is the largest company in Colombia, responsible for over 60% of the country's hydrocarbon production and holds leading positions in petrochemicals and gas distribution [1][1][1] - The company has expanded its operations internationally, with interests in strategic basins in the United States, Brazil, and Mexico, and holds significant positions in power transmission in several South American countries [1][1][1] - Ecopetrol employs more than 19,000 people and has a diverse portfolio that includes energy transmission and road concessions [1][1][1]