Ecopetrol’s crude reserves will fall between 15% and 20% in 2020

During the conference call with market investors, the directors of the state-majority oil company revealed projections of a 15 and 20 percent reduction in its proven oil equivalent reserves (crude and gas), which closed at 1,893 million barrels equivalent in 2019. The forecast , would lead to the firm’s proven crude and gas resources falling to a range between 1,514 and 1,609 million barrels.

Source: El Tiempo