Colombia this week received bids from seven companies for 11 blocks out of 20 on offer in the South American nation's first licence round in five years, writes Julia Martinez.
Bids were submitted for 10 onshore blocks and one offshore block this week, the country’s hydrocarbons regulator said, as Colombia works to attract fresh investment to its E&P sector.
"The result of this first bidding round for oil blocks in 2019 is excellent news for the country,” ANH president Luis Miguel Morelli said.