Colombia is a country with an emerging economy and a mining-energy sector that has grown significantly in recent years. It is located in northwestern South America, bordering Venezuela and Brazil to the east, Peru and Ecuador to the south, and Panama to the northwest.
We arrived in Colombia in 1983 to develop our exploration and production activities throughout the country. Colombia represents a strategic country for the company and is one of our key development areas.
In terms of lubricants and specialized products, we offer a wide range of synthetic, semi-synthetic, and mineral-based lubricants that meet the needs of all our customers. These products are specifically designed for each vehicle type, ranging from motorcycles, cars, and trucks, to public works machinery, or 2-stroke and 4-stroke boat engines. Every Repsol product is JASO and API certified, guaranteeing maximum quality and protection for engine components while boosting clutch and gear performance.
Main figures and lines of action map
The Akacías production field, operated by ECOPETROL, is located in the Acacías and Guamal municipalities in the Department of Meta. The field has 37 active wells built into 6 clusters, and current production is around 16,700 BOPD.
Development plans for the project include a objective of 74 wells, of which 51 will be active and 23 injection, that will be mechanically and electrically connected to a Central Production Facility. The Facility, on which construction should begin in 2022, will aid in reaching the target of approximately 50,000 BOPD by around 2025. The plans also consider incorporating energy transition strategies such as geothermal, solar, and green hydrogen energy production, which are currently undergoing pre-feasibility studies.
Additonally, the discovery of the area of Lorito, south of the Akacías production field, is being assessed to determine its potential in being included as part of Block CPO-9.
In the exploratory area of Block CPO-09, development is being made on the prospect wells Kimera, Leyenda, and Tinamú with an aim to begin drilling exploratory wells in 2022 and 2023.
At Repsol, we are firmly committed to the communities that live near the areas where we operate. We work together with these communities to find ways to contribute to improving their quality of life, and we were in fact the first oil company to sign an agreement with the United Nations in Colombia.
Success story: No-go in La Guajira
This project demonstrates Repsol's commitment to respecting human rights. In the La Guajira region of Colombia, we carried out a human rights impact assessment which resulted in the Company's decision to not go through with the exploration project.
Competitiveness in rural areas
Together with the Canadian embassy and Socodevi we are working on a project to help make collective rural businesses more competitive (Procompite), by increasing agricultural production and supporting existing production chains and organizations. There are currently 880 families benefiting from this initiative.
In cooperation with the United Nations Development Programme we are working on “Sustainable Settlements” to improve the quality of life of more than 500 families, encouraging entrepreneurs, supporting local businesses, and helping people enter the job market.
Human rights training
In a joint effort with the Repsol Foundation and Zabala Innovation, we provide training to the indigenous peoples living in Guajita and farmers in the Meta region of Colombia, in order to teach them about their rights and to help strengthen these communities’ social structure.
The indigenous Wayuu people
In Alta Guajira we work with a local indigenous community called the Wayuu. In 2014, we launched a project in cooperation with the United Nations Development Programme (UNDP) to improve local access to drinking water. In 2017 we built the Ramón Paz Ipuana Library using Repsol Foundation funds, and in 2018 we brought Bogotá’s International Book Fair to this part of Colombia for the first time in 31 years.
Our commitment to sustainability
Sustainability is a constant theme throughout our activities, and our best practices contribute to the UN’s 17 Sustainable Development Goals, as outlined in its 2030 Agenda. Find out more about our Sustainability Plans.
Award for Best Practices in Sustainable Development 2021 in the category of Human Rights - SDG 10
Fourth version of the award Best Practices in Sustainable Development, this time in the special category Human Rights and Businesses for our best practices in: Human Rights Impact Assessment as a mechanism for gaining prior knowledge and earning mutual respect - Guajira.
Gold Cocoa Award - 2021
Through the Agroemprende Cocoa project, the Agroguamal Association was awarded the grand prize at the eighth edition of the Gold Cocoa National Contest.
Leonel Murillo, the winner of the prize, is a member of the Agroguamal Association, affiliated with the WORKAKAO cooperative. This award demonstrates the joint efforts from he and his family, their associates, technical advisors from SOCODEVI, and the unconditional support from Canada, Repsol, and Ecopetrol, who were both partners and major co-funders of the Agroemprende Cacao project in the Meta department.
Participation in the book "Best Practices toward gender equality in organizations in Colombia - Large Companies" - 2021
Repsol Colombia was one of 25 companies selected as success stories for implementing gender equality strategies. The book hightlights the work of Colombian businesses that seek equality in their organizational methods. This recognition was awarded by Fundación She Is and Global Compact (Colombia).
Verde de Verdad seal – 2020
Repsol Colombia received the Verde de Verdad Seal in the Seed category, awarded by CO20, for its voluntary carbon footprint calculation and compensation actions. This prize is an environmental seal that recognizes the positive work of organizations that prove their commitment to ensuring that each product, process, or company is meeting standards to protect the environment and mitigate climate change.
Award for Best Practices in Sustainable Development 2020 in the Human Rights category - SDG 5
This recognition was awarded by the UN Global Compact in the category "Actions to promote rural development" for our contribution to SDG 5 - Gender Equality with the Procompite project: Strengthening competitiveness in rural associate companies.
Recognition for significant examples in Environmental and Social Management in the mining and energy sector - 2020
This recognition was granted by the Ministry of Mines and Energy for the Procompite project: Strengthening competitiveness of rural associate companies, for good environmental and social practices that contribute to growth and sustainable development in the area.
Award for Best Practices in Sustainable Development 2018 in Colombia - SDG 8
Repsol Colombia won the award for best practices in sustainable development for its contribution to SDG 8 - Decent work and economic growth, with the Procompite project to strengthen competitiveness in rural associate companies in the Meta department. This project supports 860 families and provides a comprehensive solution to rural development issues in the region with several concepts such as teaching good agricultural practices, management of natural resources, and the integration of associate companies into formal business markets.