Bollette Dolphin, Calasú y Kronos Wells, Colombian Caribe, january - august 2015.
Exploration is tasked to incorporate, with its partners, the contingent resources of Ecopetrol. Next, Development and Production evaluates and converts them to proved reserves, delimits the fields and exploits them..
This Vice Presidency coordinates the portfolio and the exploratory strategy of the Ecopetrol Group (EG) companies. It also evaluates the new exploratory ventures around the world and provides its technical and economic concept to the Executive Vicepresident for signing each new exploratory business.
It matures onshore and offshore prospects in the geological basins where it operates within and outside Colombia. It interacts directly with the national hydrocarbons agencies of the countries in which the GE operates.
As part of the GE Strategy 2030, Exploration is challenged to build and manage a robust and diversified portfolio, with fast rotation capacity. A portfolio to keep above 100% the equivalent reserves replacement rate (146% now) and the current levels in their average life (8.6 years now).