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Colombia launches 2014 bid round

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27 May 2014

Colombia launches 2014 bid round

Report summary

Colombia’s ANH is tendering 95 blocks covering a wide variety of resource types, onshore and offshore, conventional and unconventional, mature and frontier, through the recently launched bid round. The ANH is offering attractive fiscal terms for both the offshore and unconventional blocks, which are aimed at attracting big players. Other onshore frontier and mature blocks are expected to interest smaller companies.

Table of contents

  • Executive summary
    • Exploration success imperative for replacing diminishing reserves
    • Bid round offers a variety of opportunities
    • Award criteria remain the same
    • Qualification criteria high for offshore and unconventionals, lowered for undeveloped fields
    • Colombia’s offshore acreage is high-risk, high-reward
    • Deepwater incentives poised to attract bidders
    • Delayed start-up expected for unconventional blocks in Colombia
    • Onshore conventional acreage and undeveloped fields attractive to smaller players
    • Coal bed methane blocks on offer in second sub-round

Tables and charts

This report includes 6 images and tables including:

  • Exploration performance disappointing based on volumes discovered
  • Colombia 2014 bid round - blocks on offer
  • Colombia launches 2014 bid round: Table 1
  • Key contract modifications
  • Offshore acreage on offer
  • Unconventional blocks on offer

What's included

This report contains:

  • Document

    Colombia launches 2014 bid round

    PDF 736.75 KB

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