Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

U.S. getting 30% higher price for Venezuela oil says energy chief

January 16, 2026

Oil industry seeks abolition or review of OID cess on pre-NELP and nomination blocks, ETEnergyworld

January 16, 2026

Russia Eyes Lucrative Non-Energy Ventures with India, ETEnergyworld

January 16, 2026
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » Ecopetrol Shoulders the Load as Petro’s Oil Policies Squeeze the Patch
OPEC Announcements

Ecopetrol Shoulders the Load as Petro’s Oil Policies Squeeze the Patch

omc_adminBy omc_adminNovember 28, 2025No Comments3 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


Colombia’s Ecopetrol is pressing ahead with a 2026 spending plan of 22–27 trillion pesos ($5.9–$7.2 billion), essentially holding the line from this year despite a political climate that couldn’t be more hostile to hydrocarbons. The company says the money will be deployed “with discipline,” which in Ecopetrol-speak means: drill aggressively enough to keep the lights on, but not so aggressively that Bogotá accuses you of sabotaging the energy transition.

The plan calls for 380–430 development wells next year, almost all in Colombia, plus a handful of exploratory wells. Around 70% of the total budget is earmarked for production, with Ecopetrol forecasting 730,000–740,000 boe/d in 2026 — basically the same level it fought to maintain in 2025 after hitting record H1 output of 751,000 boe/d. The kicker is that the entire plan is based on $60 Brent and a 4,050 peso exchange rate, both conservative assumptions that tell you the company expects no favors from the macro backdrop.

The bigger story is what Ecopetrol’s spending says about Colombia’s bind. President Gustavo Petro has halted new exploration, banned fracking, and layered on new taxes that gutted foreign investment — all while proven reserves have shrunk to barely eight years of supply. Yet production remains the country’s main export earner and one of the last reliable sources of fiscal revenue. That contradiction leaves Ecopetrol doing the heavy lifting: sweating existing fields harder, squeezing lifting costs below $12/bbl, and leaning on U.S. Permian acreage to diversify away from Colombia’s political risk.

The company’s partners have taken the hint. Foreign investment in Colombia’s oil sector has eroded for a decade, with majors scaling back or walking away entirely. Ecopetrol has responded by pursuing production-sharing deals on mature fields and doubling down on blocks like CPO-09, where its own finds are some of the few bright spots left.

Ecopetrol’s 2026 blueprint isn’t trying to impress anyone; it’s a survival plan dressed up as a budget. The government keeps tightening the leash on exploration, reserves are shrinking, and foreign investors are jittery. Someone has to keep the barrels flowing, and right now that someone is Ecopetrol. The company is doing what it can with the ground it already controls: drill what’s drillable, squeeze every peso out of efficiency, and buy time for a country that hasn’t decided what should replace oil and still depends on it more than almost anything else.

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

Russia’s Oil Revenue Slump Hits Budget Where It Hurts

January 15, 2026

Devon-Coterra Tie-Up Would Create a New Permian Heavyweight

January 15, 2026

Halliburton Looking Forward To A Swift Return To Venezuela

January 15, 2026
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Citigroup must face $1 billion lawsuit claiming it aided Mexican oil company fraud

July 1, 20077 Views

LPG sales grow 5.1% in FY25, 43.6 lakh new customers enrolled, ET EnergyWorld

May 16, 20255 Views

Trump’s 100 days, AI bubble, volatility: Market Takeaways

December 16, 20075 Views
Don't Miss

ADNOC weighs Venezuela investment as XRG eyes gas projects

By omc_adminJanuary 16, 2026

(Bloomberg) – The United Arab Emirates’s state oil giant is evaluating options for a potential…

Lime Rock Partners makes equity commitment to Eagle Ford-focused Athena Energy

January 15, 2026

Coterra, Devon in talks over potential Permian mega-merger

January 15, 2026

DNV awards ModuSpec technology qualification for BOP real-time monitoring platform

January 15, 2026
Top Trending

Rolls-Royce Appoints Former bp CSO Ivanka Mamic as New Chief Sustainability Officer

By omc_adminJanuary 15, 2026

Canaccord Acquires Energy Transition-Focused Investment Bank CRC-IB

By omc_adminJanuary 15, 2026

Microsoft Kicks Off 2026 With Flurry of Large-Scale Carbon Removal Purchase Deals

By omc_adminJanuary 15, 2026
Most Popular

The 5 Best 65-Inch TVs of 2025

July 3, 202510 Views

The Layoffs List of 2025: Meta, Microsoft, Block, and More

May 9, 202510 Views

‘Looksmaxxing’ on ChatGPT Rated Me a ‘Mid-Tier Becky.’ Be Careful.

June 3, 20257 Views
Our Picks

Trump ally says Venezuela must guarantee oil assets to attract U.S. producers

January 15, 2026

ADNOC weighs Venezuela investment as XRG eyes gas projects

January 15, 2026

Oil Falls Sharply as US Pauses Iran Action

January 15, 2026

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2026 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.