Presentation of the company

Company’s name: Ecopetrol

Logo:

Nature of the company (purpose): Is the development, in Colombia or abroad, of

commercial or industrial activities related to the exploration, exploitation, transportation,
storage, distribution and commercialization of hydrocarbons, their derivatives and products,
taking into account the following points:
 Profitable and sustainable.
 With a healthy, clean and safe operation.
 Ensuring operational excellence and transparency in each of our actions.
 Building mutually beneficial relationships with interest groups.

Social actions
Strong actions Weak actions
Production in harmony with the local Reduction of benefits for the employers.
communities.
In occasions they start making exploration
Participation process in the social processes without making agreements with the
impacts identification and management local communities.
of the different projects.
Economical actions
Strong actions Weak actions
The production has been duplicated in High production cost compared with other
the last 10 years. countries.

They reduced the costs and expenses in Lack of new wells for maintaining or increasing
610 million dollars. the production, in the next decades.
Environmental actions
Strong actions Weak actions
Manage the biodiversity of their areas of Leak problems in oil wells.
influence with the help of the local
authorities. Closing wells problems when the production
and extraction finishes.
"Clean barrels" production in harmony
with the environment. Lack of interest in the environmental passives
generated by the well when the production
Rational use of resources and reduction finishes.
of wastes and discharges.