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How much will Ecopetrol's reserves grow in 2025 due to CPO-09?
2
Resolution / Starting Odds
Less than 5% • 25%
5% to 10% • 25%
10% to 15% • 25%
More than 15% • 25%
Ecopetrol's annual financial statements or reserve reports
Story
Ecopetrol Acquires 45% Stake in Repsol's CPO-09 Block, Fully Owning Asset and Adding 41 Million Barrels to Reserves
Dec 30, 2024, 01:09 AM
Ecopetrol has successfully concluded negotiations to acquire the remaining 45% stake from Repsol in the CPO-09 block, located in the Meta department of Colombia. This acquisition means that Ecopetrol now fully owns the asset, which is considered a key resource in the Piedemonte Llanero region. The deal is expected to add approximately 41 million barrels to Ecopetrol's reserves, enhancing its position in the oil sector.
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