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As of 2024, SierraCol reported free cash flow of $172 million and net debt of $511 million.

Amidst the backdrop of a government hostile to petroleum, now Shell leaves Colombia's offshore gas sector, joining other majors in exiting as production drops 48%.

The rating reflects the company's status as the main producer of oil and gas in Colombia, with approximately 60% of the country's production.

Under Petro’s governance, Colombia has gone from being a net exporter to a net importer of natural gas.

The announcement is a positive sign for collaboration between the two oil giants.

Colombia's President Gustavo Petro has taken a definitive anti-petroleum stance, and has appointed his former campaign manager as Ecopetrol's CEO.

The find comes as Colombian gas reserves have fallen to critically low levels, and a recent court ruling halted operations in a major existing gas field.

Innovation and technology in environmental monitoring with real-time alerts detect issues like groundwater leaks early and effectively.

Before being appointed CEO of Ecopetrol, Ricardo Roa ran Colombian President Gustavo Petro's political campaign.

The Komodo-1 well will reach 3,900 meters or almost 2.5 miles under the Caribbean Sea.