Bogotá, Colombia – Ecopetrol, the leading energy company in Colombia, has announced a landmark achievement in its reserve management, reporting a robust 1,944 billion barrels of oil equivalent (boe) in proven reserves at the close of 2025. This impressive performance is underscored by a remarkable 121% reserves replacement ratio, driven by strategic initiatives and marking the highest contribution to reserves in the last four years.
A Significant Boost in Reserves
Delving into the details, Ecopetrol’s proven reserve additions for the year totaled an impressive 300 million barrels of oil equivalent (mmboe). This figure represents the highest annual contribution to proven reserves in the last four years, showcasing the effectiveness of the Ecopetrol Group’s exploration, development, and enhanced oil recovery efforts. This substantial growth firmly positions the company for sustained operations and value creation.
Exceeding Expectations: 121% Replacement Ratio
A true highlight of this announcement is Ecopetrol’s outstanding reserves replacement ratio, reaching 121%. This means that for every barrel of oil equivalent produced during 2025, the company successfully added 1.21 barrels back into its proven reserves. This exceptional ratio is a direct result of the successful execution of various recovery projects, optimizing output from existing fields, and leveraging innovative technologies to maximize resource recovery.
Securing Future Energy Needs
The strategic management of its resource base has also led to a healthy long-term outlook. The average reserve life for the Ecopetrol Group now stands at 7.8 years. This strong reserve life provides stability and predictability for the company’s future production plans, ensuring a consistent contribution to Colombia’s energy supply and economic development.
Ecopetrol’s 2025 reserves report is a testament to its operational excellence, strategic foresight, and unwavering commitment to responsible resource management. These achievements solidify its leadership position in the energy sector and underscore its dedication to sustainable growth and long-term value for its stakeholders.
Source: Original Article
