Ecopetrol issues statement on Arauca 8 well media reports

Ecopetrol issued a statement on the information published by some media outlets regarding the Arauca 8 well, located in the Municipality of Saravena in the Department of Arauca, Colombia, where the company and Parex Resources work together through a business collaboration agreement. The company said, “To determine the materiality for Ecopetrol of the discovery, it is necessary to complete the analysis and evaluation tests of said well. Therefore, once a comprehensive study of the production potential of this well is completed, the discovery will be formal notified to the National Hydrocarbons Agency, within the deadlines and subject to the contractual requirements of the Arauca agreement executed by Ecopetrol.”