Colombia’s ANH Imposes $4,550 Sanction on Ecopetrol

(Ecopetrol, 29.Apr.2022) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) it received notification in the Resolution No. 315 of 26 April 2022 that it was being sanctioned for an amount equivalent to four thousand five hundred and fifty dollars (US$4,550) by the Agencia Nacional de Hridorcarburos (ANH by its Spanish acronym).

The sanction is in connection with the presentation of the Report of Work Subsequent to Official Completion – Form 10CR related to Well RB 1237H. The ANH considered that the presentation of the Form was untimely, in accordance with the provision contained in article 40 of Resolution 181495 of 2009.

Ecopetrol, abides by and respects the decisions of the ANH; however, the company’s actions have always been framed in compliance with current regulations, so it will use the appropriate legal actions to oppose to the decision before the competent courts.