Asset Report

Ecopetrol - Llanos Heavy Oil Project

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This analysis covers, among others, the Ecopetrol-operated Castilla, Chichimene, Apiay and Guatiquia fields in Colombia's Llanos basin. The centre of upstream operations is in the Castilla field and its facilities. The areas are integral to the company's future production growth.

Table of contents

  • Summary
    • Ecopetrol added a gas-powered energy generation plant to power operations
    • Importance of heavy oil for Ecopetrol
    • Cost reduction
  • History
  • Castilla
  • Chichimene
  • Apiay block fields
  • Dilution
  • Operating costs
  • Cash flow
  • Global Economic Model (GEM) file
    • Cash Flow for Castilla

Tables and charts

This report includes the following images and tables:

  • Field Hydrocarbon Characteristics
  • Reserves (2P) at 01/01/2026
  • Production (2015-2024)
  • Production Profile: Castilla
  • Production Profile: Apiay Area
  • Production Profile: Chichimene
  • Capital Costs Pre-2016 to 2024 (US$ million)
  • Operating Costs 2024 to 2033 (US$ million)
  • Cash Flow (US$)
  • PV Table (US$)
  • Summary Table (US$)
  • 21 more item(s)...

What's included

This report contains:

  • Document

    Ecopetrol - Llanos Heavy Oil Project

    XLS 975.50 KB

  • Document

    Ecopetrol - Llanos Heavy Oil Project

    PDF 4.50 MB