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An estimated 1.3 billion barrels of oil reserves are found in the Southeastern region of Colombia by the oil companies Ecopetrol and Talisman Energy. This is an important addition to the shrinking reserves the Andean country has been urgently trying to boost. Ecopetrol, last Thursday, had said that it had discovered crude in the Caño Sur Este block with proven reserves of 22.4 million barrels.