What are the four main strategies Ecopetrol is using to increase its oil reserves?
Ecopetrol Can Learn From U.S., CEO Bayon Says

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Business, Social Studies, Engineering
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Investing in technology, reducing oil prices, increasing local sales, focusing on offshore drilling
Enhancing recovery from existing fields, exploring in Colombia, expanding internationally, focusing on unconventional resources
Buying more oil fields, reducing production costs, increasing exports, focusing on renewable energy
Partnering with local companies, reducing environmental impact, increasing workforce, focusing on gas production
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is Ecopetrol considering acquiring a U.S. company?
To gain immediate production and reserves
To reduce operational costs
To focus on renewable energy
To expand into the European market
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the main challenges Ecopetrol faces in developing unconventional resources in Colombia?
Lack of skilled workforce
Competition from local companies
High production costs
Regulatory hurdles and environmental licensing
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does Ecopetrol plan to learn from U.S. operations?
By sending employees to U.S. operations to gain expertise
By attending international oil conferences
By acquiring U.S. companies
By hiring U.S. consultants
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the long-term goal of Ecopetrol's strategy in Colombia?
To reduce oil prices in the local market
To ensure energy security and support economic growth
To become the largest oil producer in South America
To transition to renewable energy sources
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