Ecopetrol Advances Caribbean Gas Projects After Shell Exit

MT Newswires Live

Apr 25, 2025

Ecopetrol (EC) said it launched a plan to keep key Southern Caribbean gas projects on track after Shell exited offshore assets in the region as part of a global shift.

The company said the affected blocks-Col 5, Purple Angel, and Fuerte Sur-include several viable gas discoveries like Kronos-1 and Gorgon 1 & 2, adding that it is working to maintain project continuity and develop resources to ensure the medium-term gas supply.

Ecopetrol said it plans to complete the maturation of the Gorgon development project and the management of socio-environmental viability by mid-2029, with production targeted between 2031 and 2032.

It's also looking into connecting the Gorgon field to Colombia's national gas system, the company said.

It added that Shell and Ecopetrol continue working together on Brazil's Gato do Mato project with TotalEnergies, which is set to receive significant investment in 2025.

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