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Tuesday, July 25 2017 @ 12:47 PM EDT

Is There Oil in Panama, Or Not?

Oil and Gas ExplorationThe veins of oil recently discovered in Colombia cross the from that country into Panama, indicating there is "black gold" in Panamanian territory, says the Secretary of Panama's National Energy Secretariat, Juan Urriola. The presumed oil is located in the Southern part of the Darien province, but experts in the field say the existence of oil can only be confirmed with the drilling of wells and study. "Everything else is speculation," says petroleum engineer Harry Quinn. Of 36 exploratory wells that have been drilled in the country since 1919, 18 have showed signs of hydrocarbons. (La Prensa)
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