Let's use the resources we have in the country, including fracking: Bayón
The former president of Ecopetrol and current CEO of GeoPark, Felipe Bayón, revealed the three pillars required for energy sovereignty in hydrocarbons in Colombia, which involve allocating new exploration contracts and maintaining recovery projects; accelerating the development of offshore projects and initiating the development of unconventional projects, including the controversial fracking.
TL;DR
- Felipe Bayón proposes three pillars for Colombia's energy sovereignty: new exploration contracts, offshore projects, and unconventional projects like fracking.
- He believes fracking, citing successes in the US and Argentina, can be implemented responsibly in Colombia.
- Energy sovereignty means utilizing domestic resources (oil, gas, coal, minerals) for the benefit of Colombians.
- Reliable and affordable energy is necessary for attracting industries, Data Centers, and leveraging AI.
- GeoPark is actively involved in fracking operations in Argentina's Vaca Muerta formation and plans to bring acquired knowledge back to Colombia.
- Neuquén province in Argentina, a major gas producer through fracking, attracts significant investment.
- GeoPark is a Latin American oil and gas company with operations in Colombia, Argentina, and Brazil.