Stratrix
On the Record · Ecopetrol

Ecopetrol acquisitions, on the record

The businesses Ecopetrol bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
Interconexión Eléctrica S.A. E.S.P. (ISA)
Word for word“On August 20, 2021, Ecopetrol acquired 569,472,561 shares of ISA, equivalent to 51.4% of its outstanding shares, for which Ecopetrol paid the agreed price of COP 14,236,814 million or COP 25,000 per share to the Ministry of Finance and Public Credit.” 20-F for 2023
acquisitionAugust 20, 2021COP 14,236,814 million
Oleoducto Bicentenario de Colombia S.A.S.
Word for word“Oleoducto Bicentenario merged with Cenit, as evidenced in public deed No. 4660 of December 21, 2023 of Notary 21 of Bogotá, and filed in the commercial registry on December 28, 2023.” 20-F for 2023
mergerDecember 28, 2023—
Savia Perú
Word for word“In January 2021, Ecopetrol S.A. divested its 50% equity share in Savia Perú as the result of a competitive bidding process led jointly with its partner Korea National Oil Corporation (“KNOC”).” 20-F for 2023
divestitureJanuary 2021—
Casanare, Estero, Garcero, Orocue and Corocora fields
Word for word“This increase was partially offset by (i) lower expenses related to the updating of processes, resulting from new legal, tax and environmental provisions, and (ii) the profit from the sale of the Casanare, Estero, Garcero, Orocue and Corocora fields in 2022.” 20-F for 2023
divestiture2022—
Rodeo Midland Basin LLC (Rodeo JV)
Word for word“In addition, in connection with Ecopetrol’s unconventional resources strategy outside Colombia, in 2019 we formed a joint venture (JV) with Occidental Petroleum Corp. (“Occidental Petroleum”) for the development of approximately 97,000 acres in the Midland Basin, within the Permian Basin, Texas, by which we acquired 49% of Rodeo Midland Basin LLC (“Rodeo JV”).” 20-F for 2023
acquisition2019—
Invercolsa
Word for word“Throughout 2022, Invercolsa completed the integration of its operations into the Ecopetrol Group, in connection with the increase in stake completed by Ecopetrol in November 2019.” 20-F for 2023
acquisitionNovember 2019—
ISA
Word for word“On August 20, 2021, we acquired 51.4% of the outstanding shares of ISA from the Ministry of the Treasury and Public Credit ( Ministerio de Hacienda y Crédito Público or “MHCP” for its acronym in Spanish), through which we expect to reposition ourselves along the energy value chain by offering services such as electricity transmission and aligning ourselves with the market trends towards decarbonization and electrification.” 20-F for 2024
acquisitionAugust 20, 2021—
CPO-09 Block (45% interest from Repsol Colombia Oil & Gas Limited)
Word for word“On February 5, 2025, Ecopetrol acquired the remaining 45% of its participation in the CPO-09 Block of Repsol Colombia Oil & Gas Limited (“Repsol”), for an amount of USD 452 million, making it the holder of 100% of the participation interest in the block, a strategic asset in the Piedemonte Llanero.” 20-F for 2024
acquisitionFebruary 5, 2025USD 452 million
C.I. Repsol Ductos Colombia S.A.S., now Ocensa Ductos S.A.S.
Word for word“On July 22, 2024, a share purchase agreement was executed among Oleoducto Central S.A. (“Ocensa”), as purchaser, and Talisman Colombia Holdco Limited, as seller, by means of which Ocensa acquired 100% of the shares of C.I. Repsol Ductos Colombia S.A.S., which is now known as Ocensa Ductos S.A.S.” 20-F for 2024
acquisitionJuly 22, 2024—
Ocensa Ductos S.A.S. and Ocensa
Word for word“On December 16, 2024, the respective General Shareholders’ Meetings of both Ocensa and Ocensa Ductos approved the merger of Ocensa Ductos S.A.S. and Ocensa, with Ocensa resulting the surviving entity.” 20-F for 2024
agreed acquisitionDecember 16, 2024—
Oleoducto Bicentenario
Word for word“On December 28, 2023, Oleoducto Bicentenario merged with Cenit Transporte y Logística de Hidrocarburos S.A.S., with Oleoducto Bicentenario ceasing to exist and all of its assets and liabilities, rights and obligations being assumed by Cenit Transporte y Logística de Hidrocarburos S.A.S.” 20-F for 2024
mergerDecember 28, 2023—
Cartagena Refinery
Word for word“In 1974, we acquired the Cartagena Refinery (as defined below), which had been in operation since 1957.” 20-F for 2024
acquisitionIn 1974—
Wind Autogeneración S.A.S.
Word for word“On July 7, 2025, Ecopetrol acquired 100% of the shares of Wind Autogeneración S.A.S., from Enel S.A.S.” 20-F for 2025
acquisitionOn July 7, 2025—
Ocensa Ductos S.A.S.
Word for word“On July 22, 2025, the merger by absorption between Oleoducto Central S.A. – Ocensa (surviving entity) and Ocensa Ductos S.A.S. (absorbed entity) was registered with the Bogotá Chamber of Commerce.” 20-F for 2025
mergerOn July 22, 2025—
Statkraft's portfolio in Colombia (one development and operation company and nine solar or wind project companies)
Word for word“On November 13, 2025, Ecopetrol S.A. closed the transaction with Statkraft European Wind and Solar Holding AS (“Statkraft”) for the acquisition of one company engaged in the development and operation of Statkraft’s portfolio in Colombia, and other nine companies which own solar or wind projects.” 20-F for 2025
acquisitionOn November 13, 2025—
Interligação Elétrica Garanhuns S.A. (IE Garanhuns)
Word for word“Sale of the Company’s 51% equity interest in IE Garanhuns to Axia Nordeste.” 20-F for 2025
agreed divestiture——
Brava Energia S.A.
Word for word“On April 23, 2026, Ecopetrol announced that it entered into a Share Purchase Agreement with Jive, Yellowstone and Bloco Somah Printemps Quantum, which together constitute a group of significant shareholders holding approximately 26% of the outstanding common shares of the Brazilian company Brava Energia S.A. (B3: BRAV3) (“Brava”), for the acquisition by Ecopetrol S.A., or one of its affiliates or subsidiaries within the Ecopetrol Group, of 120,813,490 shares of Brava, representing approximately 26% of Brava’s share capital.” 20-F for 2025
agreed acquisitionOn April 23, 2026—

Read from Ecopetrol’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-04-30. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.