<h1>Akacias Oil Project,Meta,Colombia</h1>
<p>Akacias Oil Project is an operating onshore conventional oil project in Meta,Colombia. The project is operated by Ecopetrol,is wholly owned by Ecopetrol SA,and is located in the CPO 9 block. The project is also referred to as Akacias Phase 1.</p>
<h2>Quick Facts</h2>
<table>
<tbody>
<tr><th>Item</th><th>Details</th></tr>
<tr><td>Project Name</td><td>Akacias Oil Project (Meta,Colombia)</td></tr>
<tr><td>Country</td><td>Colombia</td></tr>
<tr><td>Subnational Unit</td><td>Meta</td></tr>
<tr><td>Fuel Type</td><td>Oil</td></tr>
<tr><td>Production Type</td><td>Conventional</td></tr>
<tr><td>Status</td><td>Operating</td></tr>
<tr><td>Status Year</td><td>2024</td></tr>
<tr><td>Operator</td><td>Ecopetrol</td></tr>
<tr><td>Owner(s)</td><td>Ecopetrol SA [100%]</td></tr>
<tr><td>Parent Company</td><td>Ecopetrol SA [100.0%]</td></tr>
<tr><td>Onshore/Offshore</td><td>Onshore</td></tr>
<tr><td>Block(s)</td><td>CPO 9</td></tr>
</tbody>
</table>
<h2>Project Overview</h2>
<p>The Akacias Oil Project consists of the Akacias (Acacias) Oil and Gas Field and the Akacias (Guamal) Oil Field. The project is associated with the CPO 9 block,one of Ecopetrol's onshore positions in Meta. Ecopetrol announced the Akacias-1 oil discovery in 2010 in the municipality of Acacías,Meta,as part of the CPO-9 Exploration and Production Contract with Colombia's National Hydrocarbons Agency. In 2013,Ecopetrol and Talisman announced commercial viability for the Akacias area in Block CPO-09.</p>
<p>Infrastructure details are limited in available project data. The project is onshore,and any facilities would include well pads,gathering systems,and fluid handling typical of onshore heavy-oil developments,but no specific facility inventory is confirmed. No offshore systems apply.</p>
<h2>Location and Operating Area</h2>
<p>The project is located onshore in Meta,Colombia,within the Acacías municipality. The project coordinates are 3.9540000,-73.7350000. The block is CPO 9.</p>
<h2>Operator and Ownership</h2>
<p>Ecopetrol is the operator and Ecopetrol SA is the 100% owner. Earlier in the project history,Ecopetrol held 55% and Talisman held 45% in Block CPO-09. Talisman's interest later passed to Repsol. In December 2024,Ecopetrol announced that it had concluded negotiations to acquire Repsol Colombia Oil and Gas Limited's 45% interest in Block CPO-09,and the transaction was completed in 2025,giving Ecopetrol full ownership.</p>
<h2>Development History</h2>
<p>Ecopetrol announced the Akacias-1 discovery in the CPO-9 block in 2010. In December 2013,Ecopetrol and Talisman announced commercial viability for the Akacias area in Block CPO-09 following appraisal activity. The project is identified as operating in 2024.</p>
<h2>Production and Reserves</h2>
<p>The 2013 commerciality announcement estimated original oil in place of at least 1.3 billion barrels with a minimum 10% recovery factor,and initial reserves incorporation of approximately 35 million barrels including royalties. These figures are historical and subject to revision. Current production and reserves figures are not clearly available in reviewed project data.</p>
<h2>Recent Developments</h2>
<p>In December 2024,Ecopetrol announced the acquisition of Repsol's 45% interest in Block CPO-09,making Ecopetrol the sole owner of the asset. The transaction was completed in 2025.</p>
<h2>Related Topics</h2>
<ul>
<li>Colombia onshore oil production</li>
<li>Ecopetrol operated assets</li>
<li>CPO 9 block</li>
<li>Akacias Phase 1</li>
<li>Meta department oil fields</li>
<li>Heavy oil development in Colombia</li>
<li>Llanos onshore petroleum province</li>
<li>National Hydrocarbons Agency production and block data</li>
</ul>
<h2>Sources</h2>
<ul>
<li><a href="https://www.gem.wiki/Akacias_Oil_Project_(Meta,_Colombia)" rel="nofollow noopener" target="_blank">Global Energy Monitor: Akacias Oil Project (Meta,Colombia)</a></li>
<li><a href="https://www.gem.wiki/Akacias_%28Acacias%29_Oil_and_Gas_Field_%28Meta%2C_Colombia%29" rel="nofollow noopener" target="_blank">Global Energy Monitor: Akacias (Acacias) Oil and Gas Field (Meta,Colombia)</a></li>
<li><a href="https://www.prnewswire.com/news-releases/ecopetrol-announces-oil-discovery-in-meta-province-111113699.html" rel="nofollow noopener" target="_blank">Ecopetrol: Oil discovery in Meta Province</a></li>
<li><a href="https://www.newswire.ca/news-releases/ecopetrol-and-talisman-announce-the-commercial-viability-of-the-akacias-area-in-block-cpo-09-513400411.html" rel="nofollow noopener" target="_blank">Ecopetrol and Talisman: Commercial viability of the Akacias area in Block CPO-09</a></li>
<li><a href="https://www.ecopetrol.com.co/wps/portal/Home/es/noticias/detalle/ecopetrol-completo-la-compra-del-45-por-ciento-que-tenia-repsol-en-el-bloque-cpo-09" rel="nofollow noopener" target="_blank">Ecopetrol: Acquisition of Repsol's 45% interest in Block CPO-09</a></li>
<li><a href="https://www.ecopetrol.com.co/wps/wcm/connect/28b3d8b8-232a-418c-bb9b-e2645a0c86b6/Comunicado%2Breservas%2B2024%2Beng.pdf?CVID=pkEXWBZ&amp;MOD=AJPERES" rel="nofollow noopener" target="_blank">Ecopetrol: 2024 reserves communication</a></li>
<li><a href="https://www.anh.gov.co/documents/31367/Salida_Grafica_2M_Mapa_de_Tierras_061025_ujqPbNY.pdf" rel="nofollow noopener" target="_blank">Agencia Nacional de Hidrocarburos: Mapa de Tierras</a></li>
<li><a href="https://www.upstreamonline.com/weekly/ecopetrol-cheer-at-akacias/1-1-990942" rel="nofollow noopener" target="_blank">Upstream Online: Ecopetrol cheer at Akacias</a></li>
</ul>

IEPTC reference profile for Akacias Oil Project,Meta in Colombia,covering asset type,location,development status,and upstream industry context.

Akacias Oil Project,Meta,Colombia

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Akacias Oil Project,Meta,Colombia

Akacias Oil Project,Meta,Colombia

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