Ecopetrol informs the ANLA sanctioned by the sanctions
COCOPETROL, Colombia, Sept. 14, 2021 -- Ecopetrol S.A. (BVC: ECOPETR;NYSE: ECU) reports that the national Environmental Licensing Authority (ANLA
This sanction originated from work carried out in the CPO09 Exploratory Drilling Area project located in Acacas, Meta Department, because ANLA considered that a bridge was not contemplated in its environmental
Ecopetrol S.A respects the ANLA's decision, but its actions have always been framed in compliance with current legal laws, so it can use the appropriate legal resources to revocation this decision.
Ecopetrol is the largest company in Colombia and is a major integrated energy company on the continent of the United States, with more than 17 000 employees. In Colombia, it accounts for more than 60% of hydrocarbon production, and the bulk of the transportation, logistics and refining of oil and gas, with leading positions in petrochemicals and distribution. With the acquisition of 51.4% of ISA's shares, it is responsible for energy transmission, the management of real-time systems (XM) and the Concesin Costera Barranquilla - Cartagen Ecopetrol's strategic basins on the American continent are focus of the international level, with E&P operations in the United States (permian basin and Gulf of Mexico), Brazil and Mexico, and with ISA All are projections, and therefore are based solely on management's expectations about the company'll be achieved and on its continuous access to capital to finance its sales plan. If you achieve these estimates in the future, it depends on its performance under prescribed market conditions, regulations, competition, economic and economic conditions and other factors, and therefore they may not change without notice.
This release contains statements that may be considered forward looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of U-Sea Securities Exchange Act 1934. All forward-looking statements, whether made in this release or in future filings or orally, address issues that involve risks and uncertainties, including in regard to Ecopetrol's growth prospects and its ongoing access to capital to fund the business Consequently, changes in the following factors, among others, could make actual results materially different from those included in forward-looking statements: market price of oil & gas, our exploration and production activities, market conditions, applicable regulations We don't intend, and we dont assume any obligation to update these forward-looking statements.
For further details, please contact:
Head of Capital Markets, Market Head. Tatiana Uribe Benninghoff Telephone : +571-234-5190 E-mail. [email protected]
Media Engagement (Colombia) (Civilization)) Jorge Mauricio Tellez Phone: + 571-234-4329 Email:: [email protected]
SOURCE Ecopetrol S.A.