Colombia's Ecopetrol Plans to Invest Up to US$7 Billion in 2026

Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)

---

Summary

Ecopetrol expects to invest between US$5.7 billion and US$7 billion next year, with roughly 70% of the funds allocated to its hydrocarbon segment and the remaining 30% to its electricity segment. Its renewable energy business will only receive 3% of the funds.

---

Ecopetrol's 2026 Investment Plan

Colombia's Ecopetrol announced investment of between 22 trillion and 27 trillion Colombian pesos (approximately US$5.7 billion and US$7 billion) as part of its 2026 Annual Investment Plan.

Hydrocarbon exploration and production will receive 14 trillion pesos (US$3.7 billion), with 89% for oil and 11% for gas.

As part of this, the company aims to drill 380-430 development wells, with 95% in Colombia and 5% in its United States asset. Another 8 to 10 exploration wells are included in the company's plans across Colombia's offshore areas, as well as the Meta and Putumayo areas.

The objective will be to maintain oil output between 730,000 and 740,000 barrels of oil equivalent per day (BOE/d) next year, slightly below the 751,000 BOE/d recorded in the first nine months of 2025.

The midstream business will receive 1.5 trillion pesos (US$393 million), or 6% of the budget, to maintain pipeline operations for 1.1 million barrels per day (BBL/d).

Another 1.7 trillion pesos (US$450 million) will go to the Barrancabermeja and Cartagena refineries to maintain throughput at 410,000--420,000 BBL/d, consistent with this year's volumes.

Subscribers to Industrial Info's Global Market Intelligence (GMI) Petroleum Refining Plant Database can learn more about the Cartagena and Barrancabermeja refineries. Roughly 70% of next year's budget will be allocated in the company's hydrocarbon segment, despite continuous calls from Colombian President Gustavo Petro to reduce fossil fuel consumption.

Electricity Segment

Another 29% of next year's budget is destined for the company's electric segment. Between 6.2 and 6.8 trillion pesos (US$1.6 billion-US$1.8 billion) is attributed to the company's subsidiary Interconexion Electrica, with 80% of the funds allocated to the transmission business.

At the same time, the company's renewable segment will receive about 3% of the yearly budget, with the company expecting to reach a non-conventional renewable capacity of 750 megawatts in clean energy projects in operation, construction and development.

IIR's Ecopetrol Projects

Industrial Info is tracking 170 projects led by Ecopetrol in Colombia worth US$5 billion. Of those, 65 are focused on oil and gas production, 39 on power-related projects, and another 34 on petroleum refining.

Subscribers to the GMI Project Database can see a full list of detailed project reports.

Key Takeaways

• Ecopetrol forecasts investments of between 22 and 27 Colombian pesos (approximately US$5.7 billion and US$7 billion) in 2026.
• 70% of the funds will be destined for its hydrocarbon segment.
• Ecoeptrol's renewable energy projects will receive only 3% of next year's budget.

---

About Industrial Info Resources
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).