BOGOTÁ, Colombia, Jan. 18,
2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL;
NYSE: EC) issues statement on the information published by some
media outlets regarding the Arauca 8 well, located in the
Municipality of Saravena in the Department of Arauca, Colombia, where the Company and Parex
Resources Inc. (Parex) work together through a Business
Collaboration Agreement.
To determine the materiality for Ecopetrol of the
discovery, it is necessary to complete the analysis and evaluation
tests of said well. Therefore, once a comprehensive study of the
production potential of this well is completed, the discovery will
be formal notified to the National Hydrocarbons Agency, within the
deadlines and subject to the contractual requirements of the Arauca
agreement executed by Ecopetrol.
Ecopetrol is the largest company in Colombia and one of the main integrated energy
companies in the American continent with more than 18,000
employees. In Colombia, it is
responsible for more than 60% of the hydrocarbon production of most
transportation, logistics, and hydrocarbon refining systems, and it
holds leading positions in the petrochemicals and gas distribution
segments. With the acquisition of 51.4% of ISA's shares, the
company participates in energy transmission, the management of
real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the
international level, Ecopetrol has a stake in strategic basins in
the American continent, with Drilling and Exploration operations in
the United States (Permian basin
and the Gulf of Mexico),
Brazil, and Mexico, and, through ISA and its subsidiaries,
Ecopetrol holds leading positions in the power transmission
business in Brazil, Chile, Peru,
and Bolivia, road concessions in Chile, and the telecommunications sector. This
press release contains business prospect statements, operating and
financial result estimates, and statements related to Ecopetrol's
growth prospects. These are all projections and, as such, they are
based solely on the expectations of the managers regarding the
future of the company and their continued access to capital to
finance the company's business plan. The realization of said
estimates in the future depends on the behavior of market
conditions, regulations, competition, and the performance of the
Colombian economy and the industry, among other factors, and are
consequently subject to change without prior notice.
For more information, please contact:
Head of Capital Markets
Carolina Tovar Aragón
Email: investors@ecopetrol.com.co
Head of Corporate Communications (Colombia)
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co
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SOURCE Ecopetrol S.A.