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Ecopetrol plans to drill 20 wells as it begins to develop the field this year and another 47 wells in 2019.

Ecopetrol has a 50% stake in the discovery, which is lighter than typical heavy Colombian oil, according to the company.

On top of the environmental and health risks, Ecopetrol said that 617 wells are out of commission and oil output is down by more than 20,000 barrels per day.

Today's blockades in Santander have led to the loss of oil production while demonstrations in Meta earlier this week became violent.

Output at this historic site peaked at 60,000 barrels per day in 1939 but that number fell to a mere 5,000 by 2003.