Ecopetrol's Energy Transition

The video discusses the Colombian government's policy on oil and gas exploration, highlighting the lack of new contracts and its impact on the industry. It also covers investment strategies focusing on maintaining current oil production while gradually transitioning to renewable energy. The economic impact of oil and coal on foreign investment is examined, along with the relationship between government and private investors in achieving a just energy transition.

What is the current status of oil and gas exploration contracts in Colombia?

• The government is issuing new contracts.

• There are 48 active contracts and 8 suspended ones.

• There are no active contracts.

• All contracts have been terminated.

What is Colombia's strategy for energy production in the next 17 years?

• Focus solely on oil production.

• Shift significantly towards renewable energy.

• Increase coal production.

• Stop all energy production.

What percentage of recent investments in Colombia are in natural gas and clean energies?

• 30-32%

• 20-22%

• 10-12%

• 40-42%

What is the key driver for the development of energy transition projects in Colombia?

• International pressure.

• Capital discipline.

• Public opinion.

• Government subsidies.

What is the relationship between the government and private investors regarding energy transition?

• There is a growing understanding.

• The government is ignoring investors.

• They are in constant conflict.

• Investors are not involved.