Colombia to hold second bidding round for investigative fracking projects

Colombia will hold a second bidding round to potentially grant contracts to companies interested in exploring non-conventional oil and gas deposits, using techniques like fracking. Majority state-owned oil company Ecopetrol, Exxonmobil, and Drummond already have contracts for investigative projects and may submit offers in this new round, as can other companies. Each company can be awarded up to two contracts and a maximum of four contracts will be granted.

Source: Reuters