Nicolás Azcuénaga


Corporate Vice President Strategy & Business Development

Nicolás Azcuénaga, 43, is the corporate vice president strategy and business development of the Ecopetrol Group, a leading integrated energy and infrastructure company in Latin America. Mr. Azcuénaga is an international executive, with over 20 years of experience across a range of commercial, finance, business development and leadership roles, experienced managing complex joint ventures and negotiations, risks, and delivering value creation opportunities. Since May 2021, he was responsible for leading the transaction to buy the Colombian government’s 51.4% stake in ISA conglomerate which represented a transformational transaction for Ecopetrol and a robust response to the energy transition challenge. Previously, Mr. Azcuénaga was the CFO for upstream subsidiaries, accountable for the finance function of seven upstream subsidiaries in five countries. Prior to joining Ecopetrol Mr. Azcuénaga worked for BP as Business Manager for Brazil and Uruguay, Deputy Transition Manager for Southern Gas Assets and Business Manager in Aberdeen, U.K., and a range of financial, JV management and business development roles in Colombia. Mr. Azcuénaga is a board member of Rodeo Midland Basin, Ecopetrol USA Inc., Ecopetrol México, Ecopetrol Brasil, Hocol and InnovaFlora Group. Mr. Azcuénaga holds a B.A. in Management from CESA University – Business School with emphasis in finance and projects evaluation. In addition, he holds a diploma on anti-money laundering from Manchester University & International Compliance Association.

Sessions With Nicolás Azcuénaga

Tuesday, 8 March

  • 11:40am - 12:30pm (CST) / 08/mar/2022 05:40 pm - 08/mar/2022 06:30 pm

    Global Oil & Gas Production: A new geography?

    Panel Upstream Oil & Gas
    Within the accelerating energy transition, an aspiration of many nations is that their economies can continue to grow, while simultaneously undergoing decarbonization. As a result, an ever-increasing level of scrutiny is being placed by both buyers and sellers on the precise nature of oil and gas supplies sourced from around the globe; the focus falling not just on the cost of production, but also on factors relating to the carbon intensity, carbon footprint, and emissions profile of these supplies. Are perceptions now changing as to which global hydrocarbon suppliers produce the most “advantaged” barrels and molecules? In a highly uncertain outlook for oil and gas demand, can we predict whether and how the sources of future supply will shift in geographical terms over time? And, if an accelerated move to a low-carbon world eventuates, will the geography of the upstream production world change more rapidly as a result?