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Investor Presentaiton

2011 914 mbod 800 Colombia reaches record oil production 1.000 900 Total Oil Production in Colombia* and Milestones (thousand barrels per day) ecopeTROL 8 7 2011 2010 ΑΝΗΞ 4 AGENCIA NACIONAL DE HIDROCARBUROS COLOMBIA 56 2009 2008 2007 2006 2005 2004 3 2001 700 600 500 400 ECOPETROL 300 2 200 1 100 2000 1990 1980 1970 1960 1950 1940 1930 1922 2. Ecopetrol's incorporation (1951) Key milestones: 1. Beginning of oil production in Colombia (1922) 3. Discovery of Caño Limón field (1983) 4. Discovery of Cusiana and Cupiagua fields (1988) 5. New hydrocarbon regulation: royalties and contracts (2002-03) 6. Incorporation of the National Hydrocarbon Agency - ANH (2003) 7. Ecopetrol's IPO (2007) 8. Ecopetrol's second round of primary share offering (2011) *Total country (Ecopetrol + other companies) Source: Revista Semana, National Hydrocarbon Agency (ANH), Colombian Petroleum Association (ACP) 2003 2002 60% Years 5
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