Ecopetrol registered 1,883 million barrels of oil equivalent of Proven Reserves by year-end 2023
ECEcopetrol(EC) Prnewswire·2024-03-01 07:36

An organic incorporation of +307 MBPE was achieved, that is, 43% more compared to 2022 due to management in the development fields, new projects and better prospects in enhance recovery projects. Net incorporation was positive at 119 MBPE. The Reserve-Replacement Ratio (RRR) was 48% in 2023 and remains at an average of 117% for the last 3 years. The ratio of reserves to production or average reserve life of the Ecopetrol Group is 7.6 years. 89% of the reserves are located in Colombia and 11% in the United S ...