The find comes as Colombian gas reserves have fallen to critically low levels, and a recent court ruling halted operations in a major existing gas field.
The event is supported by a public investment of $9 billion pesos from the Medellín city government, which aims to promote literacy, writing, and oral traditions across the city’s 16 districts and five townships.
Ecopetrol is suffering from deteriorating corporate governance while the petroleum giant is led by Colombian President Gustavo Petro's political campaign manager.
"With more than 2.7 million Miami residents of LatAm origin...Miami is a clear gateway city to Latin America," said Tom Garfinkel, CEO of the Dolphins.