Colombia’s Shale Oil Industry Is Increasingly Unappealing For Investors ...Middle East

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Colombia’s Shale Oil Industry Is Increasingly Unappealing For Investors
source : OILPRICE ( Middle East ) () 25
A lack of major oil discoveries and meager proven reserves of 2 billion barrels saw Colombia look to hydraulic fracturing as a means of securing the future of its economically crucial hydrocarbon sector. While it is believed that the Andean country possesses considerable unconventional oil potential fracking is attracting considerable opposition from a wide cross-section of Colombian society. That opposition along with considerable uncertainty as to whether the national government can effectively regulate the controversial technique saw Colombia’s…

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