Investor Presentaiton
•
1 Low-emission businesses highlights and capex plans
NATURAL GAS STRATEGY
CAPEX IN HYDROGEN AND CO2 INITIATIVES
(2023-2025)
B
US$200 MM
#1 producer in Colombia
(55% share as of 2022)
2,828 bcf proven gas
reserves as of
December 31, 2022
Green hydrogen
projects in Cartagena
and Barrancabermeja
Refineries
CAPEX IN NATURAL GAS (2024)
Business Plan that aims at incorporating resources in high
reward projects
Between US$ 680 MM and US$ 799 MM in gas
ecoPETROL
GROUP
CO₂
CO2 capture projects
through emerging tech
and Natural Climate
Solutions
CAPEX IN LOW EMISSION BUSINESSES
(by 2030)
US$8.3 BN
US$2.2 BN
Current businesses and
geographies
New geographies
•
investments
Goal: achieve gas self-sufficiency in Colombia
Focus: Piedemonte Llanero and Caribbean offshore
Targeted to the production of around 135
thousand barrels of oil equivalent per day
(representing ~772 million cubic feet of natural
gas), of which ~90% is produced in Colombia
CAPEX IN TESG
(by 2040)
。 Water Management
。 Fuel quality improvement
o Decarbonization
US$1.4 BN
。 Green and blue hydrogen
pilots
o Energy efficiency
Source: Form 3Q'23 6-K. 2022 20-F form, Prospectus Supplement
Note: Amounts stated in USD have been translated for the convenience of the reader at the rate of COP$4,053.76 to US$1.00 as of September 30, 2023
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