News and AnalysIs for

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.

The National Hydrocarbons Agency (ANH) announced the areas nominated and those offered by the agency.

The National Hydrocarbons Agency (ANH) published the preliminary list of qualified bidders to participate in the Colombia Round 2021.

The National Hydrocarbons Agency (ANH) and Anadarko Colombia Company, signed four contracts for hydrocarbon E&P in the Colombian Caribbean.

Last week, we picked up a news report saying the ANH was excluding offshore blocks from the upcoming bid round. Armando Zamora says they have not. Is there anybody going to listen to my story / All about the block that went away?

Ecopetrol (NYSE:EC) received an early Christmas present with the ANH’s approval of its 50:50 venture with Shell (AMS: RDSA).

Last week’s top story from a readership perspective was the list of companies that qualified for the government’s upcoming auction (PPAA). No doubt readers were looking for any surprises: new players or non-participants.

The Minister of Mines and Energy (MinEnergia), Diego Mesa, confirmed that Colombia will carry out two new contracting cycles for oil and gas blocks between 2020 and 2021.

The National Hydrocarbons Agency (ANH) hosted an online Question and Answer session for companies, after publishing modifications to the Terms of Reference of the Permanent Competitive Process (PPAA).