The VMM-3 Block in Colombia’s Middle Magdalena Basin.
ConocoPhillips is taking a bet on Colombian shale by seeking approval to frack a block previously operated by fellow supermajor Shell. If Conoco is given the go-ahead it would hold one of Colombia’s first fracking permits, with the Latin American country yet to grant a licence.
"ConocoPhillips is currently conducting the required environmental impact assessment [EIA] to gain approval from Colombian regulators to conduct unconventional drilling operations on [the] VMM-3 [block]," a company spokeswoman told Interfax on Wednesday. The EIA has not yet been...
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