Ecopetrol S.A. (NYSE:EC) Q2 2024 Earnings Conference Call August 14, 2024 10:00 AM ET
Company Participants
Ricardo Roa - Chief Executive Officer
Rafael Guzman - Acting Executive Vice President, Hydrocarbons
David Riano - Executive Vice President, Transition Energy
Javier Cardenas - Acting Chief Financial Officer
Nicolas Azcuenaga - Vice President, Strategies
Walter Canova - Vice President, Refining and Industrial Processes
Alexander Cadena Motezuma - President, Cenit
Felipe Trujillo Lopez - Commercial and Marketing Vice President
Conference Call Participants
Katherine Ortiz - Corredores Davivienda
Daniel Guardiola - BTG Pactual
Alejandra Andrade - JPMorgan
Stefania Moskia - CrediCorp Capital.
Ricardo Sandoval - Bancolombia
Luiz Carvalho - UBS
Rodrigo Almeida - Banco Santander
Operator
Good morning. My name is Natalia, and I will be your operator today. Welcome to Ecopetrol's Earnings Conference Call in which we will discuss the main financial and operational results for the first-half of 2024. There will be a questions-and-answers session at the end of the presentation.
Before we begin, it is important to mention that the comments in this call by Ecopetrol senior management include projections of the company's future performance. These projections do not constitute any commitment as to future results nor do they take into account risks or uncertainties that could materialize. As a result, Ecopetrol assumes no responsibility in the event that future results are different from the projections shared on this conference call.
The call will be led by Mr. Ricardo Roa, CEO of Ecopetrol; Rafael Guzman, Acting Executive Vice President of Hydrocarbons; Javier Cardenas, Acting CFO; and David Riano, Executive Vice President of Transition Energy. Thank you for your attention. Mr. Roa, you may begin your conference.
Ricardo Roa
Good morning, everyone. Welcome to Ecopetrol Group's Operational and Financial Results Call for the period ending June 2024. Thank you for your continued interest in participation in this space. This has been a period where operational metrics have continued their upward trend across all segments. We closed the first-half of 2024 with a production of 750,000 barrels of oil equivalent per day, a figure not seen in eight years, transported volume of 1,135,000 barrels per day and refining loads at a historic high of 426,000 barrels per day.
I would like to highlight that in the Uchuva-2 well, whose drilling began this quarter, the extension of the gas discovery made in 2022 with the drilling of the Uchuva uno well was confirmed. This well provides significant information for the development on this new frontier of natural gas production in the Colombia and Caribbean and reaffirms the expected potential in the region. Also on production front, we highlight the contribution of the Permian, which achieved a monthly production record of 100,000 barrels of oil equivalent per day.