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Ecopetrol faces mounting production costs as natural field decline in Colombia combines with insufficient incorporation of new projects, reducing profitability per barrel and increasing exposure to international oil price volatility.

Colombia’s exports totaled US$4.3B FOB in October 2025, declining 0.2% compared to October 2024, breaking the positive trend from September when the country reached its highest export value of the year, according to DANE.

Ecopetrol achieved a milestone by conducting its first petrochemical export through the Port of Buenaventura on December 1, 2025.

SLB (formerly Schlumberger), one of the world’s largest oilfield services companies, is revolutionizing hydrocarbon exploration in Colombia through artificial intelligence applications that dramatically improve drilling precision and operational efficiency.

Foreign Direct Investment (FDI) in Colombia has declined for two consecutive years, reflecting increased risk perception and deteriorating investment conditions. According to Banco de la República’s Balance of Payments data, accumulated FDI through the third quarter of 2025 reached US$6.969 billion, representing a 20% drop compared to US$8.671 billion in the same period of 2024.

Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) today announced that it has halted discussions with GeoPark Limited (“GeoPark”) (NYSE: GPRK) regarding the acquisition of GeoPark by Parex.