By Nelson Bocanegra

BOGOTA (Reuters) -Colombia’s state-run energy company Ecopetrol ECO.CN expects to execute about $6.3 billion in investments in 2025, equivalent to 90% of its target, executives from the company told Reuters in an interview on Thursday, adding it could close the year with five additional exploratory wells drilled.

The company earlier on Thursday reported a 30% year-on-year drop in net profit in the third quarter, to 2.56 trillion pesos ($689 million), citing weaker sales volumes and lower crude prices. Its production slipped 0.4% to 751,500 barrels of oil equivalent per day compared with the same period in 2024.

The company has already met its goal of drilling ten exploratory wells in 2025, but sees the chance to drill five more, hydrocarbons vice president Rafael Guz

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