Oil and Gas Production (2013-2022)
Gross wells drilled
mmboe of 2P reserves discovered
mmboe net produced
Drilling success rate
(2006 – 2022)
bn 2P NPV10 value created
Scope 1 and 2 greenhouse gas emissions intensity index
Barrels of oil spilled per million barrels produced
Direct discharge to surface water
of employees own shares in the company
of social and environmental investment focused on rural areas
of the management team are women
Having full capabilities across the entire value chain of the E&P business in Latin America is our enduring competitive advantage. Meeting the energy needs of a growing population while contributing to the energy transition requires us to be best-in-class oil and gas finders and operators, to manage our assets in the most ethical and sustainable way, and to continue creating long-term value for our shareholders and all our stakeholders.
We use our brain power, experience, creativity and discipline to find and develop new oil and gas reserves, based on the best science, solid economics, and our ability to take the necessary managed risks.
We aim to have the cleanest and kindest hydrocarbons by minimizing the impact of our projects on the environment, to make our operational footprint cleaner and smaller, and to be the neighbor and partner of choice by creating a mutually beneficial relationship with the local communities where we work.
We work opportunely to be the safest, lowest-cost producer, with the necessary know-how to profitably drill, produce, transport and sell our oil and gas. We have the drive and creativity to find solutions, overcome obstacles, seize opportunities and achieve results.
We create consistent stakeholder value through disciplined capital allocation, rigorous and comprehensive risk management, self-funded and flexible work programs, capital and operating cost efficiency, maximizing the value of every barrel, expanding scale, protecting the balance sheet and returning tangible value to our shareholders.
Build a performance-driven and trust-based culture, based on our SPEED Value System, protecting our communities, employees, environment and shareholders to underpin and strengthen our long-term plan for success.