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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We may be required to enter into agreements with natural gas transportation companies on terms that are not favorable to us. Other clauses of the contracts such as price and place of delivery may be subject to renegotiation during the term of the contract.
Under current regulations, we are entitled to bid for any exploration blocks offered for exploration by the ANH and we compete under the same conditions as other domestic and foreign oil and gas companies, that is, we receive piipeline special treatment. As a result, Cenit is now a direct wholly-owned subsidiary of Ecopetrol S.
We are the main producer and supplier of refined products in Colombia. Evidence of hydrocarbons was found in two pipelie the wells Guarrojo and CPO 17while one is currently under evaluation Mamey and one was eco;etrol Margay.
Caño Limón–Coveñas pipeline
Similar to the approach followed by other countries, the FEPC is funded with these excess payments when international prices are low and depleted when international prices are high in order to mitigate domestic price volatility.
Regarding human rights risks analyses, our monitoring process has been strengthened in order to prevent and mitigate negative impacts on human rights. Includes data for Ecopetrol S. Table 8 — Ecopetrol S. This source of natural gas is transported and used in the same way as natural gas found in shale or other deposits. A large portion of our assets and operations are located in Colombia, and most of our sales are currently derived from our crude oil and natural gas production and production of our refineries located in Colombia.
Refined products transport 2. As of January 4,we have cleaned the totality of affected water bodies and the majority of our remediation activities in connection with the product spill have been completed.
When domestic prices of liquid fuels are lower than international parity prices, the Government is responsible for reimbursing importers or refiners for the difference, which difference is called the fuel price differential pursuant to Law of Our operating results were affected mainly by international prices of crude oil and, to a somewhat lesser extent, international prices for refined products and local prices for natural gas, as well as sales volumes, product mix, exchange rate and our operational performance.
The table below presents the breakdown of Ecopetrol employees according to the business segments where they work, and the personnel of our subsidiaries for the years ended December 31,and The EIA products are highly reliable and up-to-date.
Choose a Country or Region Browse: The occurrence of any of these events or other incidents could result in personal injuries, loss of life, severe environmental damage with the resulting containment, clean-up and repair expenses, equipment damage and liability in civil and administrative proceedings. As of the date of this annual report, the timing for any divestment program has not been established.
Securities registered or to be registered pursuant to Section 12 g of the Act: This annual report on Form F contains forward-looking statements within the meaning of the safe harbor provisions of the U.
The duration of this agreement is indefinite; however the contract will remain in force as long as Ecopetrol S. These investments will allow having cleaner and more valuable fuel production. Priority for the Supply of Natural Gas.
List of natural gas pipelines
Our failure to successfully obtain the expected results from our acquisitions could adversely affect our financial condition and results of operations. These risks could result in property damage, loss of revenue, cost of human lives, pollution and harm to ecoeptrol environment, among others. Interruption of activities caused by external factors. The Government regulates domestic prices of liquid fuels according to international market conditions in order to align fcopetrol prices with trends in international prices, with a one-month lag.
Certain figures shown in this annual report have been subject to rounding adjustments and, accordingly, certain totals may therefore not precisely equal the sum of the numbers presented.
As of December 31,five wells were declared as showing evidence of hydrocarbons, one of which was dry and the remaining well was under evaluation. Our ability to fund these expenditures is dependent on our ability to access the capital necessary to finance the construction of these facilities. Table 2 — Selected Financial Data. Interests of Experts and Counsel. The table below sets forth the volumes of crude oil and refined products transported through the crude oil pipelines and multipurpose pipelines owned by us.
However, it would be great if you could mention how much of India’s energy especially oil and gas imports come by sea, in order to get a clearer picture of India’s energy imports. Total gross wells owned and operated by Ecopetrol S. Securities and Exchange Commission.
In MarchEcopetrol S. What is the net consumption means?
In NovemberEcopetrol announced that it would partner with an international consortium to develop the Oleoducto Bicentenario pipeline. Occidental Petroleum also contracted the security firm AirScan to aid the Colombian military in the defense of its operations.
Our exploration activities expose us to the inherent risks of drilling, including the risk that we will not discover commercially productive crude oil or natural gas reserves.
Table 38 — Operating Capacity of Propilco. The contract also includes a variable sum related to contracts and purchases made by Ecopetrol through mandate. Our third-party liability insurance policies cover Ecopetrol S. Ministry of Mines and Energy Resolution ofpartially repealed by Resolution ofincluded a series of technical regulations for unconventional hydrocarbon resources, including the procedures for ecopeyrol the exploration and exploitation of unconventional reserves.
Caño Limón–Coveñas pipeline – Wikipedia
Total Subsidiaries in Colombia. Non-Colombian residents cannot directly hold portfolio investments in Colombia, but are able to do so through a registered foreign capital investment fund. The hydrocarbon industry is under governmental supervision and control, regulated mainly by the Ministry of Mines and Energy and the ANH. The volume of refined products that cannot be transported in pipelines or in tanker trucks because of capacity limitation is transported by barges.
Inaround The three pillars of the plan are: Sindicato de Profesionales de Ecopetrol S. Crude Oil Purchase Contracts.