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Colombia 2014 licensing round preliminary results

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Report summary

Colombia's 2014 bid round brought mixed results. Only 27% of the blocks on offer received bids, and limited interest was shown in onshore conventional and unconventional acreage. At the same time, offshore blocks attracted a healthy interest from large E&P companies. The final list of awarded blocks will be made available on 11 August, and will be determined by the company's financial capacity to develop the blocks for which it has submitted the highest bid.

What's included

This report contains

  • Document

    Colombia 2014 licensing round preliminary results

    PDF 407.82 KB

Table of contents

    • Bidding results were mixed
    • Offshore blocks draw attention from IOCs
    • Onshore blocks received limited attention
    • Bids disappointing for unconventional blocks
    • Colombia needs offshore and unconventional developments for the future
      • Qualification criteria remain the same

Tables and charts

This report includes 5 images and tables including:

Tables

  • Colombia 2014 licensing round preliminary results: Table 1
  • Colombia 2014 licensing round preliminary results: Table 2
  • Colombia 2014 licensing round preliminary results: Table 3

Images

  • Colombia 2014 bid round - blocks on offer versus blocks receiving bids
  • Recent licensing and exploration trends

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