Ecopetrol records 1,944 billion barrels of oil equivalent in proven reserves at the close of 2025, replacing 121% of production, with the highest contribution in the last four years

Ecopetrol records 1,944 billion barrels of oil equivalent in proven reserves at the close of 2025, replacing 121% of production, with the highest contribution in the last four years

February 20, 2026 discoverhiddenusacom Business

Bogotá, Colombia – February 19, 2026 – Ecopetrol S.A. (NYSE: EC) today announced its proven oil, condensate, and natural gas reserves reached 1,944 million barrels of oil equivalent (mmboe) as of the end of 2025. This represents a 2.7% increase compared to the end of 2024, despite a 13.9% decrease in the 2025 Brent reference price compared to the previous year.

Reserves Surge Driven by Strategic Projects

The company’s proven reserves totaled 300 mmboe, the highest value recorded in the last four years. This achievement is largely attributed to the successful execution of enhanced recovery projects in the Castilla, Chichimene, and Akacias fields, as well as improved operational management in Rubiales and La Cira–Infantas. Contracts with the ANH also contributed significantly to the increase.

Did You Know? 99% of Ecopetrol’s proven reserves have been independently certified by three recognized firms: Ryder Scott Company, DeGolyer & MacNaughton, and GaffneyCline & Associates.

Strong Reserves Replacement Ratio

Ecopetrol achieved a reserves replacement ratio of 121%, indicating that the amount of reserves added during the year exceeded the amount produced. This strong performance underscores the company’s effective management and commitment to long-term sustainability. The average reserve life for the Ecopetrol Group stands at 7.8 years.

Expert Insight: A reserves replacement ratio above 100% is generally viewed positively by investors, signaling a company’s ability to maintain its production levels over time. Ecopetrol’s 121% ratio, achieved during a period of declining oil prices, demonstrates a robust operational strategy and effective resource management.

Revisions, including additions from contracts with the ANH, contributed 140.8 mmboe to the total. Enhanced recovery efforts added 142.6 mmboe, while extensions and discoveries contributed 16.1 mmboe. Production during the year reduced reserves by 248.0 mmboe.

Ecopetrol’s Broad Energy Portfolio

Ecopetrol is Colombia’s largest company and a major integrated energy player in the Americas, employing over 19,000 people. The company is responsible for over 60% of Colombia’s hydrocarbon production and holds leading positions in petrochemicals and gas distribution. Through its acquisition of 51.4% of ISA’s shares, Ecopetrol also participates in energy transmission, real-time systems management, and highway concessions. Internationally, Ecopetrol has operations in the United States, Brazil, and Mexico.

Frequently Asked Questions

What were Ecopetrol’s proven reserves as of December 31, 2024?

Proven reserves as of December 31, 2024, totaled 1,892.7 million barrels of oil equivalent (mmboe).

What contributed to the increase in proven reserves in 2025?

The increase was primarily due to enhanced recovery projects, better operational management, and contracts with the ANH.

What is Ecopetrol’s reserves replacement ratio?

The reserves replacement ratio reached 121% in 2025.

As Ecopetrol continues to navigate a dynamic energy landscape, how might its strategic investments in enhanced recovery and international operations shape its future production and reserves?