Colombia’s Ecopetrol to Apply for “Fracking” Permits
Colombian state-controlled oil company Ecopetrol said it will apply for the environmental permits needed to employ hydraulic fracturing, or “fracking,” in its exploration work.
Ecopetrol will request the licenses at the “exploratory level” and plans to begin using that technique at the Coyote, Prometeo and Iguana wells in the Andean nation’s Middle Magdalena region, CEO Javier Gutierrez said at a press conference.
Fracking is controversial in many countries because it involves pumping a pressurized fluid – usually composed of water, sand and chemicals – into a shale formation to create a fracture in the rock layer and release trapped petroleum or natural gas.
But Gutierrez said the technique is “not bad per se.”
“Let’s not condemn it just to condemn it. We want to do it well,” Gutierrez added, noting that fracking “is a technology that is designed to be carried out and applied the right way and the government has been doing a responsible job in that sense.”
In that regard, Mines and Energy Minister Tomas Gonzalez said Colombia’s technical and environmental regulations establish a “framework for carrying out the environmental-impact assessments and requesting licenses for exploration using hydraulic fracturing technology.”
“They have to undergo the environmental studies, show the authorities that they’re meeting the requirements (contained) in the regulations and only then can they be granted the license,” Gonzalez said.
Early this month, the Colombian government gave the green light to fracking as it seeks to unlock trapped natural gas reserves.
Deputy Mines and Energy Minister Orlando Cabrales said in making the announcement that the government had established a strict regulatory framework after a “very rigorous” two-year process.
He added that companies such as ExxonMobil, Royal Dutch Shell, ConocoPhillips and Ecopetrol would need to apply for environmental permits and that, if they are approved, could begin exploration work using hydraulic fracturing next year.
Published in Latino Daily News
Source: http://www.hispanicallyspeakingnews.com/latino-daily-news/details/colombias-ecopetrol-to-apply-for-fracking-permits/31216#When:21:09:40Z
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,708,481,952 |
| Stories: | 8,450,474 |
Whistler Blowers, Insiders
