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Amendments to the Terms of Reference of the National Hydrocarbons Agency’s 2018 Permanent Competitive Procedure

Monday, September 3rd, 2018 Category: Long Form Reports
Usefulness:

The ANH’s Permanent Competitive Procedure is the most significant change in procedure in years. It opens the opportunity for continuous block assignments. Ten days ago, the ANH announced an important modification, finally allowing what Agreement 2 was supposed to have from the beginning: the ability to nominate blocks for assignment (which we have called browse-the-rack-and-pick-up-something-you-like). Leopoldo Olavarria and his team at Norton RoseFulbright have kindly prepared the following summary of the changes.

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