Colombia’s Ecopetrol Advances With Fracking Plans, Seeks License

(Energy Analytics Institute, Piero Stewart, 30.Oct.2018) — Colombia’s state oil company Ecopetrol has requested an environmental license over an area where it plans to begin a pilot project to explore crude oil in unconventional deposits with the hydraulic stimulation technique known as fracking.

If a permit from Colombia’s National Environmental Licenses Authority (Anla by its Spanish acronym) is approved, the pilot project would be carried out in coming months in the Magdalena Medio region where the La Luna and Tablazo geological formations converge, and which holds shale potential estimated between 2,000 and 7,000 million barrels of original oil in site, reported the daily newspaper El Tiempo, citing Ecopetrol President Felipe Bayón.

Colombia currently has oil reserves that total 1,782 million barrels of crude oil, the daily reported.

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ENERGY ANALYTICS INSTITUTE (EAI) https://energy-analytics-institute.org

Energy Analytics Institute (EAI), formerly LatinPetroleum.com, is a Houston-established private organization with a satellite presence in Calgary, Mexico City and Venezuela where it operates under Editores LatinPetroleum SA. Since 1999, EAI has been a leader in energy news coverage of Latin America in particular. Coverage, run out of Latin America, now spans the world and encompasses nearly all energy and energy-related sectors.

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