A significant portion of the Colombian state oil company's resources will be allocated to development on the continental shelf, with the aim of increasing hydrocarbon production.

At its most recent ordinary session, Ecopetrol's Board of Directors approved an investment package of nearly US$1 billion, as part of its strategic plan for the period 2024-2026. These investments are mainly aimed at two critical fronts for the country's energy future: the increase in onshore oil and gas production, and the expansion of exploratory activity on the coasts of the Caribbean Sea.

A significant portion of the funds will be allocated to exploration and development projects on the continental shelf, with the aim of increasing crude oil and gas production.

In addition, it will invest to carry out the necessary studies and developments to increase offshore exploration activity in the Caribbean Sea, with the goal of incorporating prospective reserves of approximately 6 cubic terafeet (6 TPC).

This will allow the company to not only maintain but also increase its reserves, which is crucial for Colombia's energy stability in the medium and long term. The plan includes both the recovery of existing fields and the drilling of new wells, maximizing the use of available resources.

Ecopetrol is also awaiting the prompt ruling of the labor judge on the suspension of drilling activities in the Sirius offshore well, in collaboration with Petrobras, as this is "a matter of great national interest due to the potential gas reserves in this asset."