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Colombian shale potential draws Vaca Muerta comparison

Shale acreage up for bidding in Colombia’s 2012 licensing round could be similar to the multi-billion barrel Vaca Muerta formation in Argentina, a top Colombian oil official has claimed

“In a conversation I had with YPF… they said something that is pretty consistent with what I’ve heard from others and that is that La Luna formation is pretty similar to Vaca Muerta,” Orlando Cabrales, the head of Colombia’s National Hydrocarbons Agency (ANH) said at a Road Show event for Colombia’s 2012 licensing round in London. YPF is the largest acreage holder in Argentina’s Vaca Muerta shale formation, and has said that one portion of the play could hold more than 22.8 billion barrels of oil equivalent (boe) of potentially recoverable resources. That has made it one of the most sought-after shale plays outside of North America. The La Luna shale formation sits in the Eastern Cordillera

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