But current contracts will be respected, the energy ministry said in a statement.
"The 330 contracts for exploration and exploitation of hydrocarbons in Colombia will be respected," the statement said, adding that oil production has been rising since the new government took office, reaching as much as 779,000 barrels per day.
Of 207 exploration contracts, 117 are active, the ministry said.
"We want to reactivate the remainder to have those resources and take advantage of them correctly," said energy minister Irene Velez in the statement. "We have important gas resources in the Colombian Caribbean which potentially could become reserves and significantly increase the country's horizon of self-sufficiency
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