Ecopetrol’s 3Q15 production of 740,900 boe/d and sales volumes of 939,000 boe/d were negatively impacted by restrictions to transportation systems. Fortunately, access has resumed to normalized operating levels and Ecopetrol states that production has recovered to reach the goal of 760,000 boe/d in 2015. Cash flow in 3Q15 of US$1.3 billion was better than anticipated, due to lower selling, operating, labour and administrative costs. Also, there were reduced diluent purchases. Lastly, the Colombi ....
