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.
