EcoPetrol will invest $3.5 billion in 2017, of which $2.85 billion will go to exploration and production activities— double the amount spent on such operations in 2016. Total exploration spending will more than double in 2017, going from $282 million to $650 million. Although production is expected to remain flat next year at 715,000 boe/d, the E&P boost should result in output rising to 760,000-830,000 boe/d by......
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