This past week, the ANH held its Colombia Round 2021 auction and there can be no doubt it was a great success. Thirty blocks were awarded, the most since 2012 when oil prices were over US$100/bl (and to be frank, many of the blocks assigned were never worked). What went well and what could be improved?
The ANH held its event to receive bids in the Colombia Round 2021. With 30 blocks receiving bids (and with these bids almost certain to result in contracts), this was a tremendous success compared to any assignment process dating back to 2012 which had assigned 49 (not all of which ever were worked). The 2014 Round awarded 26. That of 2019 only 11. The top bidder was Parex.