Colombia to offer contracts for 10 blocks

Colombia’s National Hydrocarbons Agency has identified winning bidders for 10 of the 11 blocks on offer in its 2019 contracting round.

Jun 28th, 2019

Colombia’s National Hydrocarbons Agency has identified winning bidders for 10 of the 11 blocks on offer in its 2019 contracting round.

It will offer royalty-and-tax contracts to:

• State-owned Ecopetrol SA for Guajira Offshore Block 10.

• Ecopetrol subsidiary Hocol SA for onshore Cordillera Block 9.

• Gran Tierra Energy Colombia LLC for onshore Llanos Orientales Block 85 and Middle Magdalena Valley Block 24.

• Parex Resources Colombia Ltd. for onshore Llanos Orientales Block 94 and Upper Magdalena Valley Block 25.

• Frontera Energy Colombia Corp. for onshore Llanos Orientales Block 99.

• A combine of Hocol and GeoPark Colombia SAS for onshore Llanos Orientales Blocks 104, 86, and 87.

For the 11th block, Lower Middle Magdalena Valley Block 22, GeoPark received a right of first refusal for a 100% working interest. It said it will decide whether to exercise the right by July 9.

Frontera Energy is the block’s secondary bidder.

Contract awards are expected in July.

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