Ecopetrol, Parex launch Magdalena Medio fields collaboration with US$250 million investment plan

Reuters2026/07/31 21:12

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Ecopetrol’s collaboration agreement with Parex Resources took effect on July 30, 2026, covering joint development of four Magdalena Medio fields.
Phase one starts with a USD 250 million investment commitment, fully funded by Parex over five years.
Work program targets enhanced oil recovery, development drilling, water-injection optimization, supported by exploration to add growth options.
Parex is expected to begin field activity before year-end, triggering its corresponding share of production from the assets.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ecopetrol SA - Empresa Colombiana de Petroleos published the original content used to generate this news brief on July 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Ecopetrol, Parex launch Magdalena Medio fields collaboration with US$250 million investment plan

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