Ecopetrol sole participant in first fracking pilot tender

Colombia’s closely watched tender for unconventional exploration pilot projects drew a sole proposal from state-controlled Ecopetrol, with private-sector contenders bowing out. The two other pre-qualified bidders, ExxonMobil and Colombian coal mining company Drummond, did not present proposals by the 6 November deadline, the national energy regulator ANH said. But the agency asserted that it was already preparing a second round that would follow the issuance of delayed regulations, particularly in the environmental space.

Source: Argus Media