Ecopetrol, Parex launch Magdalena Medio fields collaboration with US$250 million investment plan
EC•Expected start of field activity
Parex is expected to begin field activity before year-end, triggering its corresponding share of production from the assets.
Phase one investment and work program
Phase one starts with a USD 250 million investment commitment, fully funded by Parex over five years.
The work program targets enhanced oil recovery, development drilling and water-injection optimization, supported by exploration to add growth options.
Magdalena Medio fields collaboration begins
Ecopetrol’s collaboration agreement with Parex Resources took effect on July 30, 2026, covering joint development of four Magdalena Medio fields.
