• Average investment: between USD 5.2 billion and USD 6 billion per year by 2040.
  • Between 2022 and 2024, organic investments will be between USD 17 billion and USD 20 billion (between COP 65 and COP 76 billion) - 69% allocated to exploration and production projects in the Piedemonte Llanero basins, the Middle Magdalena Valley, the offshore Colombian Caribbean and internationally in the United States and Brazil.
  • Regarding YNC, investments of USD 1.87 billion are expected by 2024, to continue with the growth in the Permian basin in the United States, and investments of more than USD 80 million in the Kalé and Platero Integral Research Pilot Projects, located in the Middle Magdalena Valley in Colombia.
  • In relation to gas, a fundamental energy source in the energy transition, the 22 - 24 Plan includes investments in projects for more than USD 1.8 billion, highlighting the development of exploration and production projects in the Piedemonte Llanero, Continental Caribbean and Offshore.
  • Regarding the transportation segment, for the 22 - 24 Plan, transported volumes are expected to exceed one million barrels per day, in line with the behavior of production and demand for liquid fuels in the country; supported by investments between USD 800 and USD 900 million. 
  • The refining segment will have investments between USD 1.2 billion and USD 1.4 billion between 2022 and 2024, with a focus on guaranteeing the reliability and sustainability of the operation of the Barrancabermeja and Cartagena refineries, as well as the development of fuel quality and wastewater management programs.
  • Additionally, the value of the different products will be strengthened through commercial strategies to maximize the commercialization margin by 1 USD/Bl, annually between 2022 - 2030, diversifying heavy crude destinations and taking advantage of the quality and reliability of supply, as well as the integration of logistics and recipes according to customers. On the other hand, to achieve an incremental marketing margin between 0.17 and 0.30 USD/Bl per year, between 2022 - 2030, for crudes from international subsidiaries and third parties.
  • For the transmission and rail business line, we will seek to continue the growth path both in new and existing geographies, taking advantage of ISA's strategic position as a leader in the energy transmission business in Latin America. The 22 - 24 Plan captures the benefits of ISA's incorporation into the Ecopetrol Group, with a contribution of close to 20% of the GE's EBITDA in the years of the plan.
  • This will be supported by, in addition to ISA, the gradual incursion into emerging businesses aligned with new global trends to mitigate the effects of climate change, such as the production of low-carbon hydrogen as a source of energy, carbon capture, use and storage (CCUS) and Natural Climate Solutions (NCS).
  • The value proposition includes that diversification in low-emission businesses will represent between 30% and 50% of GE's EBITDA by 2040. To this end, over the next three years, more than USD 200 million will be invested in green hydrogen projects at the Cartagena and Barrancabermeja refineries, and in CO2 capture projects through emerging technologies such as CCUS and NCS projects.
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