Press Release

Ecopetrol inks contracts worth more than $2.3tn pesos

Bnamericas Published: Monday, December 07, 2020

This Ecopetrol statement was translated from Spanish by an automated system

Ecopetrol maintains its commitment to the regions, which is why between January and October of this year it contracted $ 1.1 billion with suppliers in the areas where it operates.

If the local contracting ($ 1.1 trillion) is added another $ 1.2 trillion of 'local export', that is, that which records the sales of goods and services made by local suppliers to other regions where Ecopetrol operates in Colombia , the amount amounts to $ 2.3 trillion.

Although the international situation of oil prices and the declaration of the pandemic by Covid-19 have impacted the national economy and especially the hydrocarbon industry, Ecopetrol continues to contract with local businessmen from all the regions where it operates, as follows:

Central Regional: (which includes operations in Antioquia, Bolívar, Boyacá, Caldas, Cesar, Cundinamarca, Norte de Santander and Santander) contracted $ 635,000 million with local suppliers from Barrancabermeja, Bucaramanga, Floridablanca, Girón, Sabana de Torres, Yondó, Tibú and Puerto Wilches (among others), mainly of goods and services such as: integral works, maintenance of tanks, metallic and concrete structures, land and cargo transportation, surveillance and health services, among others.

Orinoquía and Oriente Regional: (Casanare, Arauca and Meta) contracted $ 271,000 million with local suppliers from Yopal, Villavicencio, Tauramena, Aguazul, Guamal, Acacías and Puerto Gaitán, mainly in integral works, restaurant and catering services and ground transportation, maintenance of tanks, among others.  Caribbean Regional: (Atlántico, Bolívar, Cesar, Córdoba, Chocó, La Guajira, Magdalena and Sucre) contracted $ 130,000 million with local suppliers in Cartagena, Barranquilla, Puerto Colombia, among others. These contracts were mainly focused on maintenance of plant shutdowns, tank maintenance, logistics services and facilities, ground transportation of personnel, maintenance and construction of pipelines.

South Regional: (part of Antioquia, Caldas, Caquetá, Cauca, Huila, Putumayo, Quindío, Risaralda, Tolima and Valle, contracted $ 106,000 million with local suppliers in comprehensive works, land transportation, comprehensive engineering, maintenance of green areas, catering, services health, among others.

New markets for local suppliers

Likewise, the 'local export' strategy promoted by Ecopetrol, which allows suppliers to offer their goods and services in other regions of the country where the Company operates, yields positive results.

The contracts generated by the Company under this model amounted to $ 1.23 billion, distributed as follows:

Caribbean: $ 486bn pesos

Central: $ 357bn pesos

South: $ 347bn pesos

Orinoquía L $ 36bn pesos

In its commitment to contribute to sustainable growth and regional competitiveness, Ecopetrol has encouraged its allies to also contract products and services from the local market.

According to the figures reported by our partner companies, between January and September 2020, commercial contracts were generated with local suppliers for $ 1.2 trillion and local exports for $ 776,000 million, for a total figure of $ 1.9 trillion.

Bogotá, December 7, 2020

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects in: Oil & Gas (Colombia)

Get critical information about thousands of Oil & Gas projects in Latin America: what stages they're in, capex, related companies, contacts and more.

  • Project: Block LLA 99
  • Current stage: Blurred
  • Updated: 6 months ago
  • Project: Block PUT 20
  • Current stage: Blurred
  • Updated: 6 months ago
  • Project: Block CAG 7
  • Current stage: Blurred
  • Updated: 6 months ago
  • Project: Block CAG 8
  • Current stage: Blurred
  • Updated: 6 months ago
  • Project: Block COL 5
  • Current stage: Blurred
  • Updated: 7 months ago
  • Project: Block Quifa
  • Current stage: Blurred
  • Updated: 7 months ago

Other companies in: Oil & Gas (Colombia)

Get critical information about thousands of Oil & Gas companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: GeoPark Colombia S.A.S.  (GeoPark Colombia)
  • GeoPark Colombia, the local subsidiary of Latin American junior GeoPark Ltd., is an oil and gas explorer and operator that manages hydrocarbon assets in Colombia. The company op...