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If the block proves to have the "significant potential" that the company expects, Frontera could upgrade its exploration license to the development phase.

"Colombia, for us, is undoubtedly one of the most important places, and we are preparing to operate domestically in 2024," said JetSmart CEO Estuardo Ortiz.

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

For April, unemployment was 10.7% — down from 11.2% a year ago — and there was a 3.5% increase (785k) in the number of people working year over year

"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.

"You have to have a good ESG strategy and it's not just a matter of knowing a couple or a bunch of politicians."

With a dearth of economic data, attention has focused on the Bajo Cauca unrest.

The nationwide taxi protests did not have the effect the cabbies expected.

Last week in Colombia was one totally bereft of either macro data or economic surveys; this week will be the polar opposite.