Insight
Colombia PPAA round marks a long-awaited return
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Colombia`s return to the bid round scene proved to be remarkable. After half a decade away from licensing rounds, the first cycle of the Permanent Offer (PPAA) auction resulted in 11 out of 20 areas awarded. The terms are unchanged but a new administration is boosting confidence in the sector. These results demonstrate the success of the government's effort to extend the country's reserves. We expect the awarded blocks to increase the remaining reserves by 20% and spur investment.
Table of contents
- Executive Summary
- First cycle of licensing rounds closes with more than half of the blocks awarded
- The Hocol-GeoPark consortium won the most blocks
- Most investment in Colombia will come through bid rounds
Tables and charts
This report includes the following images and tables:
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Twenty blocks across six basins were offered in the first cycle of Colombia's PPAA roundAlthough the Llanos basin blocks received the highest additional commitments, VIM 22 stood outOnly the Indian ONGC Videsh left the round with no operated blocks
What's included
This report contains:
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