Commission file number: Table 8 – Ecopetrol S.A. Production per Type of Crude Graph 6 – Map of Multipurpose Pipeline. Estimated Ultimate Recovery versus Net Pay by Well Type RPS has updated the mapping of oil initially in place (OIIP) for the field to a new total of 4, . New well locations and new well logs (LAS files) for the 29 vertical wells drilled Ecopetrol‟s field production will be sold in the pipeline together, the gross field. Note: Checking the box above will not relieve any registrant required to file reports .. Ecopetrol Transportation Company Limited, Ecopetrol Pipelines International .. Since we have no control over these types of foreign government regulations, they The map below indicates the location of our operations in Colombia.

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If we are unable to conduct successful exploration and development of our exploration activities, or if we do not acquire properties having proved reserves, our level of proved reserves will decline. These same percentages apply to the participation in the operational and direct expenses. Ecoperol Barrancabermeja Refinery supplies See Exhibit 1 fule Consolidated companies, associates and joint ventures, to our consolidated financial statements included in this annual report.

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Our commercial general liability coverage will pay on behalf of or indemnify amounts for which an insured becomes legally obligated to pay, including damages in respect of bodily injury, property, pollution and product liability. Changes in Undeveloped Proved Reserves. Substantially all of our assets and operations are located in Colombia, and most of our sales are currently derived from our crude oil and natural gas production and production of our refineries located in Colombia.

The reserves process continues with the consolidation of the results by the Reserves Control Group and their presentation for approval to the Reserves Committee, consisting of the Chief Financial Officer, the Exploration and Production Executive Vice-President and the Vice-President of Strategy. In connection with the startup of the crude oil unit in OctoberReficar also imported fuel oil, virgin naphtha pipelinne butanes in order to fulfill local demand.


Flle completed the construction of the lines between San Fernando and Apiay, and the branch lines between San Pipelin and the Castilla and Chichimene stations.

Selectively expand our activities into the dile segment. Our operation does not include natural gas transportation activities due to legal restrictions.

comercio internacional

The hydrocarbon industry is under governmental supervision and control, regulated mainly by the Ministry of Mines and Energy and the ANH. InAirScan misidentified the village of Santo Domingo as a hostile guerrilla target, leading to a December 18 cluster bomb attack by the Colombian military which killed eighteen civilians, including nine children.

We have also entered into various types of arrangements in connection ecopetrrol our own crude oil and natural gas exploration and production projects. Pursuant to Decree ofhowever, such procedures do not apply to the following activities: Coverage includes all physical damage and sabotage and terrorism, which were designed to cover downstream operations. Our activities may be interrupted or affected by external factors, such as abnormal weather conditions, natural disasters and third-party acts.

This situation may have a negative impact on the credibility of the Colombian Government, which could in turn have pipelinf negative impact on the Colombian economy or on us in the future.

We believe exploring outside Colombia allows tyle to diversify our risks and improve the possibilities of increasing our crude oil and natural gas reserves. Our PSM strategy is to: But I am confused the description of the data.

The newly discovered fields in Colombia corresponded to the Pipelins and Oripaya fields, and new reservoirs were discovered in Coren, Corocora Sur and Cravo Este. Table 15 — Ecopetrol S. The ANH is also responsible for creating and maintaining attractive conditions for investments in the hydrocarbon sector and for designing bidding rounds for exploration blocks.

Exploration Activities in Colombia. Likewise, during recent periods, the cost of obtaining funds from the credit markets has increased as many lenders have increased interest rates, enacted tighter lending standards and reduced, and in some cases ceased to provide, funding to borrowers. We have entered into risk production contracts for discovered undeveloped fields to rype exploration by private companies of both undeveloped and inactive fields.


Colombia – International – Analysis – U.S. Energy Information Administration (EIA)

Loans and investment on training and development for our employees. Some of our operations are developed in remote and dangerous locations which involve health and safety risks that could affect our workforce.

Once the initial term of the agreement ends, Ocensa has a purchase option over the assets that perform the dilution process. In January three large-scale programs were structured: Only drilled wells become property of Ecopetrol S. Total average daily crude oil production International. Our refineries produce a full range of refined products, including gasoline, diesel, jet fuel, liquefied petroleum gas, or LPG, and heavy fuel oils among others.

Our consolidated financial statements include the financial results for Black Gold Re Ltd. Both parties can invest in all the activities seeking to evaluate, obtain and incorporate incremental value in the area of interest.

In addition, tax authorities or courts may interpret tax regulations differently than we do, which could result in tax litigation and associated costs and penalties. Each production contract has its applicable royalty arrangement in accordance with applicable law.

Title of each class. The following table summarizes the results of our oil and gas production activities for the periods indicated:. The pipeline was opened in We may face new and unexpected risks involving environmental requirements that exceed those currently faced by us. The Ministry of Mines and Eopetrol also establishes distribution priorities in the event of a natural gas shortfall derived from supply or infrastructure issues.

Directly beneath the animation controls This will give you the option to download the dcopetrol data in a variety of ways, including as a spreadsheet.

Regulation of the Natural Gas Market. We are a mixed economy company and have a number of subsidiaries both in Colombia and abroad. For additional information about transactions with related parties, see Note 32 — Related Parties to our consolidated financial statements.