Ecopetrol's Cautious 2026 Plan
Update: 2025-11-28
Description
Ecopetrol, Colombias state-owned oil company, unveils its 2026 spending plan, allocating $5.9-$7.2 billion for oil production, aiming to maintain current output levels despite a challenging political climate and declining foreign investment. The company plans to drill around 400 development wells and focus on production-sharing agreements in older fields, acting as a survival plan amidst shrinking oil reserves and uncertainty.
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