Ecopetrol ups 1P reserves to 1.944B boe, hits 121% replacement ratio
Ecopetrol increased its 1P reserves by 2.7% to 1.944 billion boe for 2025—a four-year high—and achieved a 121% replacement ratio despite a 13.9% Brent price drop. Enhanced recovery in Castilla, Chichimene and Akacías fields and 100 mmboe from technical revisions extended reserve life to 7.8 years.
1. Reserve Growth and Replacement Ratio
Ecopetrol’s proven reserves for 2025 rose by 2.7% to 1.944 billion boe, marking the highest level in four years and reflecting a reserves replacement ratio of 121% despite a 13.9% decline in the Brent reference price.
2. Enhanced Recovery and Technical Revisions
Growth was driven by enhanced recovery initiatives in Castilla, Chichimene and Akacías fields, improved operational efficiency at Rubiales and La Cira–Infantas, and the addition of 100 mmboe from technical revisions and contract extensions with the ANH.
3. Reserve Life and International Presence
These developments extended Ecopetrol’s average reserve life to 7.8 years, underscoring long-term operational sustainability as the company manages over 60% of Colombia’s hydrocarbon output while expanding in the Permian Basin, Gulf of Mexico and Brazil.