With such potential in mind, regulator ANH has also reserved huge areas to the east of Rubiales for a future licensing round focusing on acreage with high potential for major reserves of heavy crude.



“We are acquiring new seismic at the moment and carrying out a comprehensive study of the area with Halliburton in order to determine the conditions for a bid round next year,” ANH director general Armando Zamora told Upstream recently.



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