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Pacific Exploration expects to implement its restructuring plan, allowing it to come out of creditor protection, during the week of October 3.

"Ecopetrol expresses its strong opposition to the protests that have been introduced to El Doncello, Caquetá," said the oil giant.

The public share offering will be held on this week on September 14 prior to the start of common stock trading in the Colombian stock exchange.

The Warrior well is located within an area called Green Canyon that is operated by Anadarko Petroleum Corporation. Ecopetrol America controls nearly 20% of that block.

Isagen will issue the AAA-rated ordinary bonds on September 13 through the Colombia stock market in a Dutch auction.

Amid road blocks and bridge damage from a strike in Putumayo, Ecopetrol says up to 40,000 barrels per day of its production is now at risk.

If violations are proven, the Superintendency could levy fines as high as $23.7 million USD against each of the involved companies.

Ecopetrol CEO Juan Carlos Echeverry has called for an "extraordinary" shareholder meeting next month to fill open seats on the oil company's board of directors.

The drilling push is expected to bring Ecopetrol's new well count to 105 in 2016, with 35 additional wells coming to the lucrative Rubiales oilfield.

The Medellín utility credits the poor results largely to an El Niño-related drought that plagued Colombia in the early part of 2016.