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Ecopetrol (NYSE: EC) continues to develop exploration activities in Colombia and it seems like the strategy is on the right track. The NOC announced a new discovery in the department of Cundinamarca.

The governor of Boyacá, Carlos Amaya, called for the temporary and immediate suspension of a contract for an alleged fracking project in the department, and asked the National Hydrocarbons Agency (ANH) to educate the community about it.

Colombian authorities want to boost the oil exploration and production in the country to guarantee energy self-sufficiency over the long term. The National Hydrocarbons Agency (ANH) announced projects to achieve this goal and the Tax Refund Certificate (CERT) plays a key role.

The General Maritime Directorate organized a workshop for those who will be inspecting offshore platforms. ANH President Orlando Velandia was invited to talk about the offshore oil and gas opportunity.

Mansarovar Energy’s Executive Vice President of Corporate Affairs, Carlos Benavides, spoke about the firm’s plans in Colombia.

The Colombian oil sector faced tough times due to low oil prices and social conflict, but the industry managed to overcome this challenges and it is recovering lost ground. The Ministry of Mines and Energy (MinMinas) and the National Hydrocarbons Agency (ANH) reported Colombia oil reserves in 2017, with positive results.

The ‘Alianza Colombia Libre de Fracking’ Environmental Movement sent a letter to President Juan Manuel Santos, asking him to reject fracking because according to several scientific studies, there is enough information to determine that this practice is harmful for Colombians health.

Representatives of the sector discussed the opportunities in natural gas, unconventional resources, offshore projects and Enhanced Oil Recovery (EOR) at a forum organized by the business paper La Republica.

Geopark Limited (NYSE: GPRK) announced the testing results of the Tigana Norte 9 appraisal well located in the Tigana oil field in the Llanos 34 block. The company also announced the date to report its 2018 first quarter financial results.

The offshore industry development has generated high expectations, especially in the Caribbean region. Eduardo Verano, Governor of Atlántico, and Orlando Velandia, President of the National Hydrocarbons Agency (ANH), met to discuss this process.