Open Round Colombia 2012

On the 22 November 2011 the National Hydrocarbons Agency (ANH) pre-launched the Open Round Colombia 2012 bidding round, with a list of qualified companies to be available by July 2012. Offers are to be submitted by the 16 October, awards expected in November 2012 and contracts to be signed between November and December 2012.

The ANH announced that in total 113 onshore and offshore blocks will be available, covering a total area of over 15 million hectares, and would be divided into Types 1, 2 and 3 as in Open Round Colombia 2010.

An important aspect of the 2012 round is that unconventional hydrocarbons were to account for 30% of the areas on offer. The ANH also planned amendments to the royalty system in order to encourage bids for unconventional blocks.

=External Links=

ANH Presentation: Pre-Launch 2012 Round (English)

=References=