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Ecopetrol S.A.’s Production by Region (2016-2022)

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This statistic highlights Ecopetrol S.A.’s Production by Region, split across International and Colombia regions, reported annually from 2016 onwards.
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This statistic highlights Ecopetrol S.A.’s Production by Region, split across International and Colombia regions, reported annually from 2016 onwards.

Ecopetrol S.A.’s Production by Region

Region 2020 2021 2022 Production mix in 2022
Colombia 6,72,500 6,48,600 6,62,400 93.4%
International 21,500 30,400 47,100 6.6%
Total 6,94,000 6,79,000 7,09,500 100.0%

(All figures are in boepd, except percentages)

(Conversion: 5,700 million cubic feet per day (mcfpd) to 1 boepd)

The production has been subject to various fluctuations, as seen in the table. In 2020, a total of 6,94,000 boepd were produced overall. In 2021, there were 6,79,000 boepd produced, a decrease of 2.16%. Additionally, production in 2022 went up by 4.5% from the previous year to 7,09,500 boepd.

Colombia:

Ecopetrol S.A. manages its production operations in Colombia through a regional organization, which comprises a total of 82 oil fields with active production in 2022 in four regions: (i) Central Region, (ii) Orinoquía Region, (iii) Andina Oriente Region, and (iv) Piedemonte Region. Additionally, Company operates 73 fields with active production through associated operations with different partners.

With 93.4% of the company’s production, it is the highest-producing region in 2022. A total of 672500 boepd were produced in 2020. 648600 units were produced in 2021, a decrease of 3.56%. In addition, production increased to 662400 boepd in 2022, up 2.12% from the previous year.

International:

The subsidiaries’ production outside Colombia came mainly from Ecopetrol America LLC and Ecopetrol Permian LLC.

In 2022, international region-based production is increased to 6.6%. The number of units produced in this region increased by 41.4% between 2020 and 2021, from 21500 to 30400. Additionally, in 2022, this region’s production grew to 47100 units, an incredible 55% increase.

About Ecopetrol S.A.

Ecopetrol S.A. is the biggest firm in Colombia and one of the most significant integrated energy businesses in Latin America. It operates mostly in Colombia but also has operations in the U.S. (U.S. Gulf of Mexico and Permian Basin), Brazil, Mexico, Peru, Chile, and Bolivia. More than 60% of Colombia’s hydrocarbon production, transportation, logistics, and refining systems are under its control. It also holds a dominant position in the petrochemicals and gas distribution industries. Through ISA, it holds a dominant position in Latin America’s toll highways, telecommunications, and electric power transmission industries. 88.49% of the voting capital stock of the company is currently held by The Nation. On the Forbes 2022 Global 2000 Ranking, it is ranked 296th among the largest public corporations in the world, and the largest Colombian company in this list.

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