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Joint operations

12 Months Ended

Dec. 31, 2024

Joint operations

Joint operations

32.Joint operations

The Ecopetrol Business Group carries out exploration and production operations through Exploration and Production (E&P) Contracts, Technical Evaluation (TEA) Contracts and Agreements signed with the National Hydrocarbons Agency or ANH, as well as through Partnership Contracts and other types of contracts.

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The main joint operations in 2024 are as follows:

32.1Contracts in which Ecopetrol Business Group is not the operator

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​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	%	​	Geographic area of
Partners		Contract		Type		Participation		operations
​	​	Chipirón	​	​	​	30+Factor R	​	​
SierraCol Energy Arauca, LLC		Cosecha		Production		30%	​	Colombia
​		Cravo Norte	​	​		55%+PAP	​	​
​		Rondón	​	​		65%	​	​
Frontera Energy Colombia Corp		Quifa		Production		40%+PAP	​	Colombia
​	​	​	​	​	​	100%	​	​
Union Temporal Ismocol Joshi Parko	​	CPI Palagua	​	Production	​	According amendment number 5	​	Colombia
​	​	​	​	​	​	​	​	​
​	​	Capachos	​	Production	​	​	​	​
​	​	LLA-121	​	Exploration	​	​	​	​
Parex Resources Colombia LTD	​	LLA-4-1	​	Exploration	​	50%	​	Colombia
​	​	LLA-16-1	​	Exploration	​	​	​	​
​	​	LLA-122	​	Exploration	​	​	​	​
​	​	E&P COL 1	​	​	​	40%	​	​
Anadarko Colombia Company (OXY)	​	E&P COL 2	​	Exploration	​	40%	​	Offshore North Caribe
​	​	E&P COL 6	​	​	​	40%	​	​
​	​	E&P COL 7	​	​	​	40%	​	​
Petrobras	​	Tayrona	​	Exploration	​	55.6%	​	Offshore North Caribe
​		Fuerte Sur		​		50%	​	​
Shell EP Offshore ventures Limited	​	Purple Angel	​	Exploration	​	50%	​	Offshore North Caribe
​	​	Col-5	​	​	​	50%	​	​
​	​	Mana	​	​	​	30%	​	​
Interoil Colombia	​	Rio Opia	​	Production	​	30%	​	Colombia
​	​	Ambrosia	​	​	​	30%	​	​
​	​	Llanos 86	​	​	​	50%	​	​
​	​	Llanos 87	​	​	​	50%	​	​
Geopark Colombia SAS	​	Llanos 104	​	Exploration	​	50%	​	Colombia
​	​	Llanos 123	​	​	​	50%	​	​
​	​	Llanos 124	​	​	​	50%	​	​
​	​	SSJN1	​	Production	​	50%	​	​
​	​	Perdices	​	​	​	50%	​	​
Lewis Energy Colombia	​	VIM-42	​	Exploration	​	50%	​	Colombia
​	​	SSJN3-1	​	​	​	50%	​	​
Quarter North Energy		Gunflint		Production		32%	​	Gulf of Mexico
Murphy Exploration and Production Company – USA	​	Dalmatian	​	Production	​	30%	​	Gulf of Mexico
OXY (Anadarko) - K2	​	K2	​	Production	​	21%	​	Gulf of Mexico
HESS	​	ESOX	​	Production	​	21%	​	Gulf of Mexico
​		S-M-1707		​		30%	​	​
​	​	S-M-1715	​	​	​	30%	​	​
​		S-M-1717		​		30%	​	​
​		S-M-1719		​		30%	​	​
​	​	S-M-1709	​	​	​	30%	​	​
​	​	S-M-1908	​	​	​	30%	​	​
​	​	S-M-1601	​	​	​	30%	​	​
Shell	​	S-M-1713	​	Exploration	​	30%	​	Brazil
​	​	S-M-1817	​	​	​	30%	​	​
​	​	S-M-1599	​	​	​	30%	​	​
​	​	S-M-1910	​	​	​	30%	​	​
​	​	S-M-1910	​	​	​	30%	​	​
​	​	Sul de Gato do Mato	​	​	​	30%	​	​
​	​	BM-S-54	​	​	​	30%	​	​
​	​	BM-S-72	​	​	​	30%	​	​
Occidental Midland Basin, LLC	​	​	​	​	​	​	​	​
(Oxy)	​	Rodeo Midland Basin	​	Production	​	49%	​	Midland, Texas, USA
Occidental Midland Basin, LLC (Oxy)	​	Delaware Basin	​	Production	​	49%	​	Delaware, TX/NM, USA
Pemex Exploration y Production	​	Bloque 8	​	Exploration	​	50%	​	Gulf of Mexico
PC Carigali Mexico Operation SA	​	Bloque 6	​	Exploration	​	50%	​	Gulf of Mexico

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32.2Contracts in which Ecopetrol Business Group is the operator

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​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	%	​	Geographic area of
Partners		Contract		Type		Participation		operations
​		VMM29	​	​		50%	​	​
ExxonMobil Exploration Colombia		CR2	​	Exploration	​	50%	​	Colombia
​		C62	​	​	​	50%	​	​
CPVEN E&P Corp Sucursal Colombia		VMM32	​	Exploration		51%	​	Colombia
Repsol Exploration Colombia S.A.		Catleya	​	Exploration		50%	​	Colombia
Emerald Energy PLC Suc. Colombia		Cardon	​	Exploration		50%	​	Colombia
Parex Resourses Colombia Ltd.		ORC401 CRC-2004-01	​	Exploration		50%	​	Colombia
​	​	​	​	​	​	52%+PAP	​	​
SierraCol Energy Arauca, LLC		La Cira Infantas	​	Production		100% Basic	​	Colombia
​		Teca	​	​		60% incremental	​	​
Total Colombie	​	​	​	​	​	​	​	​
Repsol Colombia Oil & Gas	​	Niscota**	​	Exploration	​	20%	​	Colombia
Emerald Energy		​	​	​		​	​	​
Frontera Energy	​	Oleoducto Alto Magdalena	​	Production	​	45%	​	Colombia
Perenco Oil and Gas	​	​	​	​	​	​	​	​
CNOOC Internantional	​	Asociación Boquerón	​	Production	​	68%	​	Colombia
Lewis Energy Colombia	​	Clarinero**	​	Exploration		50%	​	Colombia
Perenco Oil and Gas		​	​	​	​	​	​	​
Cedco	​	Río Paez	​	Exploration	​	68%	​	Colombia

**Fields in abandonment process.

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The Group acquires investment commitments at the moment of receiving the exploration and/or exploitation rights of a determined area by the competent authority. As of December 31, 2024, investment commitments with the ANH reach USD $469 million (2023 - USD $802.3 million).

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Ecopetrol Permian LLC has commitments related to the five-year business plan in the Permian Basin under the Rodeo Midland Basin LLC formation agreement, which may be modified annually by contract members, and Ecopetrol América LLC commitments derived from the joint operations in the Gulf of Mexico through authorizations for expenditures (AFEs) for projects of both a capital nature and operating expenses.

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- Definition

The disclosure of joint operations. [Refer: Total for all joint operations [member]]

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