Colombia´s gas and oil authority to receive today proposals for fracking pilots

Colombia´s National Hydrocarbons Agency announced that Ecopetrol, ExxonMobil and the Drummond mining company are the companies authorized to start the presentation of proposals today to carry out the pilots. Awarding of fracking pilot contracts would be done on November 23 of this year, and from there the contracts would begin, including the processing of environmental licenses. Current estimates of hydrocarbon resources in the middle Magdalena Valley are 5,000 million barrels, more than three times the current reserves.

Source: La República

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