Focus on operational reactivation and profitable production
(mboed)
676
661
690 -700
5
7
8
19
23.8
13.3
154
4.5
143
7 - 8
3 - 5
4 - 7
15- 19
652
648
648
661
680
688
693
522
518
1Q21
Public order
Operational /
Subsidiaries
2Q21
Improvement of
Castilla
Gas
Anticipated
2021 forecast
situation
projects
wells decline and
activity
Crude
Gas + LPG
stabilization
Operational restrictions in Castilla field solved (+9.7 mboed in June )
17 rigs in 2Q21 and FY21
390-420 development wells
8 exploratory wells drilled in 2H21, 2021 projection: 14 wells
Midstream
Transported Volume (mbd)
+3.6%
926
979
1,027
1,007
960
267
170
225
275
256
756
754
760
733
704
2Q20
3Q20
4Q20
1Q21
2Q21
Crude
Continuous efficiency 500
and 25.3% contribution 400
to the Group's EBITDA
300
200
19 consecutive months
100
with no reversal cycles in the Bicentenario pipeline 0
Downstream
Throughput (mbd)
8.9
9.5
10.0
6.2
8.0
6.0
378
255
360
4.0
2.0
2Q19
2Q20
2Q21
-
GRM* (US/Bl)
9.3% contribution to the Group's EBITDA
Highest quarterly EBITDA
in the last 7 years
4
Progress in unconventional reservoirs
PPII
Permian (EEUU)
2020
2021
2022
2023
Environmental monitoring
KALÉ
CEPI
1st Territorial
EIA*
Environmental license
Drilling
Awarded
Dialogue
Filing
Environmental monitoring
PLATERO
CEPI
1st Territorial
EIA* Filing
Environmental
Drilling
Awarded
Dialogue
license
Rigs in
Wells in
4 operation 1H21
75 production as
of June
21.2 kboed
16.1 kboed
net ECP pre-
neto ECP post-
royalties 2Q21
royalties 2Q21
79%
"ZERO Routine
Flaring" initiative
EBITDA Margin
1H21
FOCUS ON
EFFICIENCIES
5
PPII: Comprehensive Research Pilot Projects . EIA: Environmental Impact Assessment. CEPI: Special Research Project Contracts. Estimated timeline.
Attachments
Original document
Permalink
Disclaimer
Ecopetrol SA - Empresa Colombiana de Petroleos published this content on 17 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 September 2021 07:11:07 UTC.
Ecopetrol S.A. is an oil company. The Company operates in Colombia, Peru, Brazil and the United States Gulf Coast. The Company's segments include Exploration and Production, Transportation and Logistics, and Refining, Petrochemicals and Biofuels. The Company's Exploration and Production segment includes exploration, development and production activities in Colombia and abroad. The Company's Transportation and Logistics segment includes the transportation of crude oil, motor fuels, fuel oil and other refined products, including diesel and biofuels. The Company's main crude oil pipeline systems' operating capacity is approximately 1.34 million barrels per day (BPD). The Company's main refineries are the Barrancabermeja refinery, which it directly owns and operates, and a refinery in the Free Trade Zone in Cartagena that is operated by Reficar S.A., a subsidiary of the Company. The Company also owns and operates two other minor refineries: Orito and Apiay.
ECOPETROL S.A. 
