BOGOTA May 8 (Reuters) - Colombia's majority state-owned
energy company Ecopetrol has held talks with big players ahead
of a potential bid in an offshore wind auction organized by the
country's government, Chief Executive Ricardo Roa said on
Wednesday.
Roa was speaking during a call with analysts regarding the
company's financial results for the first quarter of 2024, where
net profit dropped 29% to 4.01 trillion pesos ($1 billion) on
the back of lower sales and a reevaluation of the country's
peso.
Earlier this week the company told Reuters it was conducting
technical, economic and legal analyses of potentially
participating in an offshore wind auction process to award areas
and licenses in the country's Caribbean region.
"We've already made some contact with very large players in
the world who have the capacity and knowledge for this type of
technology development," Roa said during the call.
Referring to the company's fossil fuels business, Roa said
Ecopetrol was considering buying gas assets in Colombia from
Canadian operator Canacol amid the growing concern that
Colombia will lose gas self-sufficiency in five years.
"This asset will be observed within the internal procedures
and protocols for analyzing these investment opportunities
within the Ecopetrol group," Roa said, adding that other assets
not owned by Canacol could make worthy investments.
Canacol did not immediately respond to requests for comment.
Last year, Ecopetrol said it was considering importing gas
from Venezuela, which Minister of Mines an Energy Andres Camacho
supported as a low-cost solution to Colombia's looming gas
problems.
Ecopetrol continues to hold conversations with the U.S.
Treasury Department's Office of Foreign Assets Control (OFAC)
regarding sanctions and restrictions imposed on the Venezuelan
government and the country's state-owned energy giant PDVSA, Roa
added.
($1 = 3,884.84 Colombian pesos)