The Ministry of Mines and Energy (MinEnergia) announced that the decree that sets the guidelines to develop fracking pilot projects (PPII) is ready.
The company delivered the operation of the Pauto and Floreña fields to Ecopetrol (NYSE: EC), closing its productive phase in the department of Casanare.
A report by the Business and Human Rights Information Center said that these firms are allegedly linked to Human Rights violations in Colombia.
Oil production has been falling over the last three months. Analysts spoke on the matter.
The company started an expansion project to transport natural gas from new deposits in the Southern Caribbean, to Barranquilla and Cartagena.
This is why the Superintendence of Home Public Services (Superservicios) sanctioned Ecopetrol (NYSE: EC) and the Cartagena Refinery (Reficar).
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