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Frontera's $2.8 million net loss is an improvement over its $8.5 million net loss in Q1.

Ecopetrol is suffering from deteriorating corporate governance while the petroleum giant is led by Colombian President Gustavo Petro's political campaign manager.

This week, Petro was in Venezuela with Nicolás Maduro — and oil and gas topped the agenda.

Organized by Vostock Capital July 24th and 25th, 2024 in Bogotá, Colombia

Along with an average reserve life of 7.6 years, Ecopetrol reported net profit of 19.1 trillion Colombian pesos.

Investments in oil exploration and production represent about half of the annual plan total.

"Fitch expects CNE's volumes sold, as percentage of total gas production, under long-term take-or-pay contracts to reduce from 99% in 2023 to 50% in 2026."

Participate in the 5th International Congress and Exhibition: Colombia Oil & Gas 26-27 July 2023 in Bogota, Colombia.

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

More than 200 decision makers attend the Colombia Oil & Gas Congress each year.