The Ecopetrol Group launches its 2040 Strategy "Energy that Transforms" and reveals the operational and financial targets of its 2022 - 2024 Business Plan
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Wednesday, February 9, 2022
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BOGOTÁ, Colombia, Feb. 9, 2022 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces the launch of its 2040 strategy and its operational and financial targets for the 2022 - 2024 term (22 – 24 Plan).
Key Points:
- BOGOT, Colombia, Feb. 9, 2022 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces the launch of its 2040 strategy and its operational and financial targets for the 2022 - 2024 term (22 24 Plan).
- The Plan estimates production levels of between 700 and 705 thousand barrels of oil equivalent per day (mboed)in 2022, reaching levels close to 730 mboed in 2024.
- In the long term, the Plan seeks to strengthen the EBITDA by maximizing reserves and production, pursuing resilience and competitiveness.
- The expected production in 2030 is nearly 850 mboed, even in conservative price scenarios (45 - 55 USD/Bl).