Ecopetrol's net earnings for the first half of the year were $5.65 trillion, representing a 176% increase over the $2.04 trillion pesos for the same period of 2007.
This result is based mainly on the higher international prices for oil and its derivatives, and a 12% increase in the company's crude oil and natural gas production.
The production owned by Ecopetrol went from 390 thousand barrels of oil equivalent per day (MBOEPD) in the first half of 2007 to 438 MBOEPD in the same period in 2008.
Ecopetrol and its associates drilled 16 exploratory wells in the first semester. Three ended up producing.
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