Through energy efficiency projects, Parex obtained 173,300 carbon credits.

The company Parex Resources Colombia Ltd. Branch, affiliated with the ACP, obtained 173,300 carbon credits for energy efficiency projects, carried out in the fields: Capachos, located in Tame (Arauca), and Aguas Blancas, in Simacota (Santander), assets developed in partnership with ECOPETROL.

The achievement of these projects is the result of utilizing associated gas from oil production that was burned in Tea, and is currently used to provide energy in various forms - electricity generation, household gas, compressed natural gas (CNG), among others.

These credits certified by the CERCARBONO standard and registered on the EcoRegistry platform are part of the voluntary carbon market, and demonstrate the Company's commitment to decarbonization initiatives in the oil and gas industry, and compliance with the goals set by the National Government regarding the reduction of greenhouse gas emissions, actions aimed at mitigating climate change.

“We are very proud to achieve these carbon credits, which contribute to a cleaner energy matrix for sustainable growth. We are aligned with the National Government's guidelines in the Climate Change Management Plan through the Company's goals, focused on reducing emission intensity, eliminating regular burning in Tea, and managing Carbon Neutral; this speaks to the Company's commitment to the country and the environment,” said Daniel Ferreiro, president of Parex Resources Colombia.

For his part, Camilo Rincón, director of Hydrocarbons at the Ministry of Mines and Energy, stated, “We want companies in our sector to commit to change, social justice, and environmental justice; and Parex has been a great pioneer in this type of project. We know Parex's commitment to energy efficiency and decarbonization, fundamental pillars for the Ministry. We will continue to work hand in hand for the execution of new projects.».

In this way, Parex continues to align its roadmap with a clear and measurable sustainability agenda, including new models of technology and innovation that ensure its competitiveness and resilience, contributing to the country's energy security.