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Frontera Energy’s (TSE: FEC) CEO, Richard Herbert, spoke about the firm’s main challenges and plans in Colombia.

The First Oil and Gas summit: 100 years promoting the development of Colombia brought together important representatives of the oil sector and Colombian authorities talked about important issues for the industry. HCC was present at this event and we bring a brief summary of days 2 and 3.

Colombia’s Natural Gas Association (Naturgas) spoke about the effects of the State Council’s decision to suspend existing fracking regulation.

The new head of the National Hydrocarbons Agency (ANH), Luis Miguel Morelli, spoke about the entity’s plans for the coming years.

Ecopetrol’s (NYSE:EC) Vice president of Production and Development, Héctor Manosalva, spoke about the fracking pilot project that was recently announced by CEO Felipe Bayón.

The development of unconventional deposits is one of the main strategies to increase reserves and production of oil and gas in Colombia. Ecopetrol (NYSE: EC) initiated a legal process to develop these projects in the country.

CEO Felipe Bayón spoke about the NOC’s plans in the Middle Magdalena (Santander); an area with great potential.

The Colombian oil sector continues to face several social and legal challenges to operate in the country, despite the change of government and its attitude in favor of the extractive industries. A new controversy has been generated with an oil license in the department of Putumayo.

Geopark Limited (NYSE: GPRK) announced its operational update for the three-month period ended September 30, 2018. The company reported a new production record and exploration success in the Llanos 34 block during this quarter.