Ecopetrol has boosted its investment by more than US$1 billion, from US$2.2 billion a year earlier, to finance drilling 620 wells in 2018, according to Reuters. Ecopetrol is targeting output of 725 000 bpd of crude and gas equivalent by the end of the year, up from about 700 000 now, and the has set a more aggressive target of 870 000 bpd by 2020.