— region’s third largest oil producer.
Colombian oil prices are rising due to sanctions on Venezuelan imports
proven crude oil reserves (2017)*
are located in Colombia
the share of oil in total energy
consumption in 2017
proven natural gas reserves (2017)*
crude oil refining capacity at
5 refineries
oil production in 2018
export of crude oil in 2017
the cost of Ecopetrol’s campaign to find new sources of heavy crude in ten blocks
projected Ecopetrol’s investment in O&G sector, including 81% of fund to be invested in upstream
Drilling Plans for 2019:
700 development wells, 12 exploratory wells
