Exclusive-Ecopetrol to beat 2025 drilling goal, may best output target, executive says

By Nelson Bocanegra

BARRANQUILLA (Reuters) -Colombia’s state-run energy company Ecopetrol is set to exceed its 2025 goal of drilling 10 oil wells by between 20% and 40%, the company’s vice-president for hydrocarbons Rafael Guzman said on Thursday.

The company drilled six wells in the first half of the year, two of which were successful, it has said.

Ecopetrol also hopes to find, within the next 18 months, partners to operate five oil fields, Guzman told Reuters on the sidelines of an energy conference in the Caribbean city of Barranquilla, adding daily production is slightly above the upper end of the company’s 2025 target of 750,000 barrels per day at 751,000 bpd.

(Reporting by Nelson Bocanegra in BarranquillaWriting by Julia Symmes Cobb)