Ecopetrol Plans Outlays Of $500 Mln From 2019-2021, Says Shale Potential At 10 Tcf

(Energy Analytics Institute, Piero Stewart, 12.Mar.2019) — Colombia’s Ecopetrol plans investments of $500 million during 2019-2021 on unconventional pilots across the country with aim to boost natural gas reserves in order to achieve greater energy security, the company’s CEO Felipe Bayón said March 12 at CERAweek by IHS Markit in Houston.

Colombia’s unconventional potential is estimated at 10 trillion cubic feet (Tcf) of natural gas, the executive said.

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© Energy Analytics Institute (EAI)

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