BOGOTÁ, Colombia, Feb. 19, 2026 – Ecopetrol S.A., Colombia’s largest petroleum company, reported proven reserves of oil, condensate, and natural gas totaling 1,944 million barrels of oil equivalent (mmboe) as of December 31, 2025, a 2.7% increase from the finish of 2024, according to a company statement released today.
The increase comes despite a 13.9% decrease in the 2025 Brent crude oil reference price, which averaged USD 68.64 per barrel compared to USD 79.69 in 2024. Ecopetrol’s reserves replacement ratio reached 121%, the highest level in the last four years, demonstrating the company’s ability to maintain and grow its reserves even in a fluctuating market.
Approximately 99% of the proven reserves have been independently certified by three firms: Ryder Scott Company, DeGolyer & MacNaughton, and GaffneyCline & Associates, the company stated. Proven reserves as of December 31, 2024, were 1,892.7 mmboe.
The growth in reserves was primarily attributed to enhanced recovery projects in the Castilla, Chichimene, and Akacias fields, improved operational management in the Rubiales and La Cira–Infantas fields, and contracts with Colombia’s National Hydrocarbons Agency (ANH). The ANH contracts contributed 100 mmboe to the increase, according to Ecopetrol.
Specifically, revisions to reserves, including those from ANH contracts, added 140.8 mmboe. Enhanced recovery projects contributed 142.6 mmboe, while extensions and discoveries added 16.1 mmboe. Production reduced reserves by 248.0 mmboe.
Ecopetrol’s average reserve life stands at 7.8 years for the Ecopetrol Group. The company, founded in 1921, is a Sociedad Anónima traded on the BVC (ECOPETROL) and NYSE (EC) exchanges. It’s a Fortune Global 500 company, ranked 346th in 2023.
Ecopetrol’s operations extend beyond Colombia, with drilling and exploration activities in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico. Through its subsidiary ISA, the company too has significant holdings in energy transmission in Brazil, Chile, Peru, and Bolivia, as well as road concessions in Chile and the telecommunications sector.
The company’s investor relations office can be reached at [email protected] and Marcela Ulloa, Head of Corporate Communications, can be contacted at [email protected]
