Colombia’s National Hydrocarbons Agency (ANH) said that the country will hold the second round of bidding for investigative oil and gas fracking projects. The schedule for the second round will be published in the short term
The ANH said that companies who already have contracts for investigative projects might enter offers in this new round as each firm can be awarded up to two contracts and a maximum of four contracts will be granted.
ANH president Armando Zamaro commented, “The purpose of the pilot projects is to acquire sufficient scientific information so a decision about the use of hydraulic fracturing can be made, to take advantage of the potential of non-conventional energy sources.”
Colombia’s shale gas fracking development is highly polarizing, with the commercial development of such deposits is currently not permitted.
