Colombia’s Ecopetrol expects to execute about $6.3 billion in investments in 2025, drill five additional wells

By Nelson Bocanegra

BOGOTA (Reuters) -Colombia’s state-run energy company Ecopetrol expects to execute about $6.3 billion in investments in 2025, equivalent to 90% of its target, executives from the company told Reuters in an interview on Thursday, adding it could close the year with five additional exploratory wells drilled.The company expects to end 2025 with cash of between 12 trillion and 14 trillion pesos and to announce a partner before year-end with whom it will boost hydrocarbon output and reserves at one of its fields, they added.