The ecopetrol group achieved a reserve-replacement ratio of 200% in 2021, the highest in the last 12 years

Proven oil and gas reserves increased by 13%, up to 2,002 mboe [1] - the reserve-replacement ratio (rrr) of 200% implies that, for each barrel produced in the year by the company, two barrels were added to reserves. - the ecopetrol group's average reserve life increased to 8.7 years, exceeding the 2014 figure when the average brent was usd 102 per barrel (compared to usd 69.2 per barrel in 2021).
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