Government approves ExxonMobil’s $53 mn fracking test pilot

The National Hydrocarbons Agency (ANH) approved yesterday ExxonMobil’s proposal to carry out a new fracking pilot project in Puerto Wilches (Santander). The company expects to invest $53 million, of which local communities will share 0.5% of the investment. The proposal also includes a minimum of 7% good and services provision from local suppliers.

Source: Valoraanalitik