Commission file number: Table 8 – Ecopetrol S.A. Production per Type of Crude Graph 6 – Map of Multipurpose Pipeline. Estimated Ultimate Recovery versus Net Pay by Well Type RPS has updated the mapping of oil initially in place (OIIP) for the field to a new total of 4, . New well locations and new well logs (LAS files) for the 29 vertical wells drilled Ecopetrol‟s field production will be sold in the pipeline together, the gross field. Note: Checking the box above will not relieve any registrant required to file reports .. Ecopetrol Transportation Company Limited, Ecopetrol Pipelines International .. Since we have no control over these types of foreign government regulations, they The map below indicates the location of our operations in Colombia.
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Caño Limón–Coveñas pipeline
In addition ecopdtrol the administrative regions mentioned above, we have established a Minor Fields Area that covers some of our small fields throughout the country. Private Securities Litigation Reform Act of We are currently a party to several legal proceedings filed against us.
We operate in the following business segments: The terms and conditions of the agreements with the ANH under which we explore and produce crude oil and natural gas generally reflect negotiations with the ANH and other governmental authorities and may vary by fields, basins and hydrocarbons discovered. The Northeastern region covers approximatelyacres and includes the natural gas fields located at La Guajira and the crude oil and natural gas fields located in Cusiana-Cupiagua.
Our maps and graphs are available for download, and are also easily embeddable for use on external websites, blogs, and newsletters. Regulation of Refining and Petrochemical Activities. In particular, exports to the U. The Government has modified the royalty program for crude oil and natural piipeline production several times in the last 20 years, as it has modified the regime regulating new contracts entered into with the Government.
We are among the top 36 oil and gas companies in the world based on the Petroleum Intelligence Weekly Top 50 Ranking – We currently expect to complete the modernization process and reach the normal operating condition during the second quarter of The failure of a non-resident investor to report or register foreign exchange transactions with the Colombian Central Bank relating eopetrol investments in Colombia on a timely basis may prevent the investor from remitting dividends, or initiate an investigation that may result in a fine.
Crude Oil Exports
Thus, companies engaged in exploration and production of hydrocarbons, pipelin as Ecopetrol, must pay to the National Hydrocarbons Agency ANHas representative of the National Government of Colombia, a royalty on the production volume of each production field, as determined by the ANH.
Expressed in millions of Colombian Pesos, except for the net income per share and net operating income per share, which is expressed in Colombian Pesos.
Transactions with Other State-Controlled Entities. Thanks for your feedback! Our strategic plan provides detailed initiatives for each one of our business segments.
Our subsidiary Hocol S. Priority for the Supply of Natural Gas.
U.S. Energy Information Administration – EIA – Independent Statistics and Analysis
Further, we are upgrading the skills of our fire brigade, ensuring the reliability of firefighting and emergency equipment and filw on improving our performance during drills. Commissioning and startup of a turbogenerator with additional production of vapor to increase energy efficiency.
Loss earnings per share basic and diluted. Projects pipeliine Increase Recovery Factor:. We may also request the ANH to assign us exploration blocks which have not been previously reserved by that Agency. We may ,ap required to enter into agreements with natural gas transportation companies in terms that are not favorable to us. The Castilla blend is the principal type of crude oil for foreign sales, with mbopd sold during a That report was published in February of Accordingly, you may not be able to obtain a judgment in a U.
Dividends and Paying Agents. On December 31,the SEC issued a final rule revising disclosure requirements relating to oil and gas reserves. Table 32 — Changes in Undeveloped Proved Reserves in Gross wells owned and operated by Ecopetrol.
Thus, companies engaged in exploration and production of hydrocarbons, such as Ecopetrol, must pay to the National Hydrocarbons Agency ANH mp, as representative of the National Government of Colombia, a royalty on the production volume of each production field, as determined fjle the ANH.
Our average daily production of hydrocarbons in totaled Total gross wells in joint ventures Ecopetrol S. Risks Related to Our Business. Dollar denominated assets and liabilities as our foreign currency indebtedness increases.
However, the fuel price differential for the third quarter of was not timely paid during the fourth quarter of We are a mixed economy company organized under the laws of Colombia. Natural gas wells are those in which operations are directed only towards production of commercial gas. The key guidelines for this pipeilne are the following:. InEcopetrol S.
We continue purchasing all crude oil delivered to the ANH as royalties by us and by third parties. Due to the above-mentioned moratorium, we will most likely be unable to pipelije the drilling of these wells.
Presentation Of Information Concerning Reserves. Our consolidated average production was Inthe average daily production of natural gas by Ecopetrol S.