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Colombia’s Ecopetrol to Spend $3.5 Billion-$4 Billion on Oil & Gas Projects in 2018

Colombian energy producer Ecopetrol S.A. (NYSE:EC) (Bogota) expects capital expenditures this year to run between $3.5 billion and $4.0 billion, with…

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Mon Mar 12 2018

Colombia’s Ecopetrol to Spend $3.5 Billion-$4 Billion on Oil & Gas Projects in 2018

Colombian energy producer Ecopetrol S.A. (NYSE:EC) (Bogota) expects capital expenditures this year to run between $3.5 billion and $4.0 billion, with 85% of that amount earmarked for exploration and production, according to the company’s latest quarterly earnings report. Ecopetrol said it expects to produce between 715,000 and 725,000 barrels per day (BBL/d) »