Operator: Next question comes from Andres Duarte from Corfi Colombiana. Mr. Duarte, you can ask your question. Mr. Duarte, we are listening to you. You can ask your question. Hello. Good morning. You can ask your question.
Andres Duarte: [Interpreted] I’m having some trouble with the communication so I will send you my questions. Thank you for taking my questions into consideration. I wish great luck to everyone in the rest of the year. The investment of the infrastructure for offshore gas which we expect, will we expect to get these objectives? Also the estimates you gave the ones to the end of the year? I’m afraid the sound is not good. Okay. I have several questions. I don’t know if maybe you want to answer the first one that has to do with the conditions for the offshore production and if you are going to do an investment in transportation infrastructure. The other one is the estimate of production for 2024, especially which is going to be the evolution of production costs associated.
And the last one would be if you can remind me the detail for investments related to the hydrogen production, specifically if you already have some investments you have considered for the transportation of the liquid and also for increasing the capabilities of renewable energy? I do apologize for the connection problems I’ve been having. Thank you very much.
Ricardo Roa: [Interpreted] Thank you, Andres, for your questions. First of all, we have to tell you that the investments for the development and maturity of the projected resources found in the region of the offshore Caribbean began this year in the assignment of resources, in a year in the assignment of resources, in a perforation well one, ORCA 1, that will be maintained in 2024 and will continue with the campaign for perforation in COL 1 in the COMOD 1 exploratory well. Alberto will give you details for these expectations for production and also the objective for production for next year. We will expect to give important resources to maintain this at the closing of 2023. This is what we want to do. We want to maintain these production regimes that we will get to in 2023.
And the third question will be given to David Riano, who is going to answer to that question, for the hydrogen production and the transportation infrastructure for the incorporation also from liquids and the installed capabilities that we have updated for the strategy 2040 in the New York stock market.
Alberto Consuegra: [Interpreted] Thank you for your question, Andres. As for the next steps in the offshore, complementing what Ricardo said, I would say this. In Caribe Norte, we expect to continue defining and confirming the potential that we have in Uchua. This means to have appraisal wells that will start in 2024-25. We also can share that we had good news from the mines ministry, the government, on the expedition of normality of abandonment, so that the wells that we will do as appraisal will be able to be used as development wells as well. We will also proceed with the environmental licensing. This is key. And the third point would be if we can use the existing infrastructure in Chuchupa-Vallena to bring the gas from Uchua and from the prospect of this area of Caribe Norte and Caribe Sur, which is Kronos, Glaucus, Corgon.
Everything is defined within the call five block. We have a perspective for gas at long term. We have to work on the development scheme and we would be using it as the system of evacuation of this gas, which would have dedicated to the interior of the country. This would be for the offshore area. And for this last quarter, we’re looking at a production over 730 barrels. The challenges we will face will be, for example, Fenomeno del Nino that is going to be very aggressive and close for Rubiales and Castilla. We have to look into this. We haven’t seen it yet, but I think in October we have had a higher production than expected. And for costs, I think we are looking at an inflationary impact. And this is going to take us that the lifting cost for the last quarter is going to be very close to what we had in the third quarter this year, close to 11.9. These places in a place between $11 to $12 dollars a barrel to end for the end of 2023.
For the perspective, 2024 will be part of the conversation we will have once we define the business plan.
Ricardo Roa: [Interpreted] For the third question, we give the floor to David Reaño, Vice President of Low Emissions, considering that the last updated of the 2040 agenda that we announced in New York a few months before, we announced this objective for 2030 to incorporate about 900 megabytes newly generated for non-conventional renewable energies. This objective, we have established it for 2025 and the expectation for 2030 is to be able to have 1900 megawatts from these renewable energies in La Guajira. For more details, I give the word to Mr. Reano. Thank you, President.
David Riano: [Interpreted] As you mentioned, we have anticipated the delivery of renewable energy that has to do with the hydrogen projects and talking about them, as we mentioned in the question, we are maturing several initiatives as was announced in the period between 2023 and 2030. We have understood this as a stage for learning and scaling to go after 2030 in a stage of maturity when entering hydrogen to be the leader in this energetic vector in the country. In particular, we are maturing in several initiatives. We have two projects, one in each refinery for green hydrogen. These projects are under study. They are being matured and we expect to get for them to give the most value possible in these circumstances. Of course, this is a new technology that has challenges in the supply chain and in the implementation and construction of the projects.
Additionally, and in a pilot scale, these will start operating at the end of the year, in the first quarter next year in Cartagena, Bogotá, which are going to bring us to this new stage of tests and possibilities that I just mentioned. Thank you.
Operator: [Interpreted] Ricardo Sandoval from Colombia has a question for you, Mr. Sandoval. Please go ahead.
Ricardo Sandoval: [Interpreted] Good morning, everyone. Thank you very much, Ricardo, Milena, Alberto, David, for this space. I have two questions. First one is very simple. If you can give us a little more color on the declaration of Minister Bonilla, when he mentioned the entrance of ecopetrol in solar and eolic energy. Is it getting bigger programs for you for self-consumption or is it a stage in generation for commercialization of this type of energy? And the second issue would be about the production that I just heard Alberto about some restrictions on the linear phenomena that could have in some fields for 2024. I would like to know if we could have some guidelines about production and the production in 740, which is very positive for 3T. But what can we expect for 2024? Thank you very much.
