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Big Oil Remains Interested in Colombia Shale, Minister Says

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Colombia sees at least two shale projects starting development this year, with Royal Dutch Shell Plc and Exxon Mobil Corp. maintaining their interest despite a slump in prices.

“What we’re seeing in the shale area is that the prospectivity is interesting enough for some of the companies to go forward,” Colombia Mines and Energy Minister Tomas Gonzalez said in an interview at Bloomberg’s New York headquarters Monday. “I would expect at least three or four blocks will move forward. I hope at least two of these blocks move this year.”