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De la Espriella announces the reopening of oil exploration in Colombia, including fracking

Reported by MercoPress — Latin America

Colombian President Abelardo de la Espriella announced plans to resume hydrocarbon exploration and new contracts, including hydraulic fracturing. The announcement was made during the swearing-in of Ecopetrol president Joaquín Gutiérrez.

At a glance

  • Affected location: Colombia
Summer, 1974 - Oil exploration, A671, Bacup road. Texan oil-drillers had drilled for oil at several sites in the Burnley area on an exploratory basis.
Illustrative image: Summer, 1974 - Oil exploration, A671, Bacup road. Texan oil-drillers had drilled for oil at several sites in the Burnley area on an exploratory basis. — Richard Johnson/Wikimedia Commons, CC BY-SA 2.0
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Why it matters

The announcement concerns Colombia’s hydrocarbon exploration and contract policy.

Location

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Generated scores

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Confidence
5/10
Geographic reach
4/10
Global importance
3/10
Impact magnitude
2/10
Urgency
2/10

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