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"We have not said that we will not sign new search and exploration contracts," said Ecopetrol President Ricardo Roa.

Fluor Corporation (NYSE: FLR) announced yesterday that Stork, part of Fluor’s Diversified Services segment, together with its consortium partners, was awarded a 4-year framework agreement for plant turnaround services by Ecopetrol S.A. (NYSE: EC BVC: ECO) for its Barrancabermeja...

Ecopetrol reported 15.8 trillion pesos in earnings, an increase of 37.7% compared to the 11.5 trillion pesos brought in during the first half of 2017.

The loans date back to 2013 and were issued with a payment schedule that would end in 2023.

"We are very pleased with the arrival in Mexico, a new milestone in the history of Ecopetrol," said company president Felipe Bayón Pardo.

Ecopetrol holds a 50% interest in the Magdalena Middle Valley's Boranda-1 well, which is operated and 50% controlled by Canadian exploration company Parex.