Ecopetrol working to ensure continuation of offshore gas projects in Carribean
Ecopetrol S.A. has initiated a joint plan to determine the best alternative to ensure the continuity of the projects in the听Southern Caribbean听following Shell's decision to withdraw from its offshore assets in said region.
In the Col 5, Purple Angel, and听Fuerte Sur听blocks, there are gas discoveries Kronos-1, Purple Angel 1, Gorgon 1 and 2, and Glaucus 1, which were operated by Shell. Shell's decision is related to its global portfolio strategy and management. These technically and economically viable projects are a priority for Ecopetrol and the country. Therefore, actions are being evaluated to maintain their continuity over time and develop resources to ensure the medium-term gas supply.
The maturation of the Gorgon development project and the management of socio-environmental viability are intended to be completed in the first half of 2029 and production is intended to start between 2031 and 2032. In this regard, Ecopetrol is evaluating connection options with the National Transportation System to commercialize gas from Gorgon and meet national demand.
Ecopetrol and Shell remain partners and, together with Total Energies, are advancing the development of the Gato Do Mato field in听Brazil, to which significant resources are intended to be allocated in 2025.
Ecopetrol maintains its commitment to the development and maturation of gas resources in the Caribbean Sea, understanding this fuel as one of the pillars of the energy transition.
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