Ecopetrol Boosts Proven Reserves by 2.7% in 2025, Achieving 121% Replacement Ratio

Event summary

  • Ecopetrol's proven reserves increased by 2.7% to 1,944 mmboe at the end of 2025, the highest in four years.
  • Reserves replacement ratio reached 121%, driven by enhanced recovery projects and operational improvements.
  • Average reserve life stands at 7.8 years for the Ecopetrol Group.
  • Key contributions came from Castilla, Chichimene, Akacias, Rubiales, and La Cira–Infantas fields.
  • Contracts with ANH added 100 mmboe to reserves.

The big picture

Ecopetrol's strong reserve replacement ratio underscores its strategic focus on sustainability and resilience in a volatile oil market. The company's ability to boost reserves despite a 13.9% drop in Brent prices highlights effective management and operational improvements. This positions Ecopetrol favorably among integrated energy companies in the Americas, particularly as it expands its footprint in strategic basins across the continent.

What we're watching

Reserve Replacement Sustainability
Whether Ecopetrol can maintain the 121% replacement ratio amid fluctuating oil prices.
Operational Efficiency
How enhanced recovery projects in key fields will impact future production levels.
Market Dynamics
The impact of lower Brent prices on Ecopetrol's long-term reserve strategy.