BOGOTA,
Colombia, Oct. 31, 2024 /PRNewswire/ -- Ecopetrol
S.A. (BVC: ECOPETROL; NYSE: EC) announces that the Santa Marta
Tribunal (the "Tribunal") issued a favorable decision regarding an
appeal against the claim (acción de tutela) filed by the
Indigenous Council of Taganga.
The Tribunal's decision partially overturned the ruling of the
Fourth Labor Court of the Santa Marta Circuit which had
ordered the suspension of exploration and production works in the
"Tayrona exploratory drilling area at the Uchuva 2 well."
Additionally, the Tribunal ordered the Ministry of the Interior
– Directorate of the National Authority for Prior Consultation
(DANCP) to assess the necessity of a prior consultation process
with the indigenous community (which had been previously ordered by
Fourth Labor Court of the Santa Marta Circuit), within one month
from the date of notification of the Tribunal's decision.
This new ruling allows Ecopetrol and Petrobras International
Braspetro B.V. – Colombia Branch
to continue drilling operations and carry out their operational
activities in the Tayrona exploratory drilling area, which are
vital for the country's energy security.
Ecopetrol reiterates its commitment to the country and will
continue to work safely, respecting life, people, and the
environment, recognizing the importance of dialogue with
communities and respecting the decisions of the country's
authorities.
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Ecopetrol is the largest company in Colombia and one of the main integrated energy
companies in the American continent, with more than 19,000
employees. In Colombia, it is
responsible for more than 60% of the hydrocarbon production of most
transportation, logistics, and hydrocarbon refining systems, and it
holds leading positions in the petrochemicals and gas distribution
segments. With the acquisition of 51.4% of ISA's shares, the
company participates in energy transmission, the management of
real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the
international level, Ecopetrol has a stake in strategic basins in
the American continent, with Drilling and Exploration operations in
the United States (Permian basin
and the Gulf of Mexico),
Brazil, and, through ISA and its
subsidiaries, Ecopetrol holds leading positions in the power
transmission business in Brazil,
Chile, Peru, and Bolivia, road concessions in
Chile, and the telecommunications
sector.
For more information, please contact:
Head of Capital Markets (a)
Lina María Contreras Mora
Email: investors@ecopetrol.com.co
Head of Corporate Communications
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co
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SOURCE Ecopetrol S.A.