Bogota.- Colombia will offer 59 blocks in its next oil bidding round, the National Hydrocarbons Agency (ANH) reported on Wednesday, amidst the country's efforts to encourage more investments in the sector.
Six companies won 11 contracts in an oil round earlier this year, which ANH said would generate investments of about US $ 500 million.
Of all the blocks, five are located offshore, and the remaining in the continental zone, in highly prospective basins of the country, the ANH said in a statement.
"The proposed block offer for this second auction is aimed at ensuring the country's energy self-sufficiency, raising the level of reserves, generating critical resources to maintain the fiscal and exchange balance, and meeting the growing demand for social investment," the document added. .
On October 21, the final list of investors authorized to participate in the auction will be published and on October 31, the proposals will be deposited, and by December 3 sign the contracts.
Nine of the areas were included in the previous auction, while 13 of the new areas have gas production potential. On October 21, the final list of investors authorized to participate in the auction will be published and on October 31, the proposals will be deposited, and by December 3 sign the contracts.
In the previous round Hocol SA, Parex Resources Inc, Ecopetrol, Gran Tierra Energy Inc, Frontera Energy Corp and GeoPark Ltd won at least one contract.
Colombia produces an average of 860,000 barrels of crude oil per day.
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https://www.americaeconomia.com/negocios-industrias/colombia-abre-59-bloques-para-oferta-en-proxima-subasta-de-petroleo
