Canacol Energy plans to invest USD 150 million (EUR 109.6 million) in wells, seismic studies, production facilities and pipelines in Colombia and Ecuador in 2014. The company will focus on bringing its Mono Arana and Leono discoveries in Colombia on stream and increasing production from the Libertador-Atacapi fields in Ecuador. In Colombia, it intends to carry out an exploration programme on low-risk prospects in the Llanos, Upper Magdalena, Lower Magdalena and Caguan-Putumayo basins.

The plan includes 11 exploration wells, 36 development wells and work-overs in 13 producing wells.