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LatinNews Daily - 25 November 2021

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In brief: Colombia’s Ecopetrol to invest US$1.3bn in natural gas by 2023

* Colombia’s state oil company Ecopetrol has announced that it will invest US$1.3bn in natural gas exploration by 2023, both in its gas fields in Colombia and abroad. An Ecopetrol statement said that these exploration projects will take place in “the foothills of the plains [that cover much of central and eastern Colombia], the Colombian Caribbean, the Permian basin [in the US], Brazil, and in pilot projects for comprehensive research on unconventional deposits.” The statement added that eight wells have been drilled so far in 2021, and that 2022 will see “unprecedented activity” with the drilling of a further 15 wells.