On July 26, 2018, the National Hydrocarbons Agency (“ANH”) issued Agreement 01 of 2018 which approved the Terms of Reference of the 2018 Competitive Bidding Procedure as well as the minute of the Exploration and Production Agreement applicable for areas awarded under this procedure. Afterwards, on July 27, 2018 the ANH issued Resolution 322 of 2018 which ordered the opening of the 2018 Permanent Competitive Bidding Procedure.
Through the Permanent Competitive Bidding Procedure, the ANH will select areas over which proposals will be received at any time, without the need of launching specific bidding procedures (rondas) for their allocation. Once the ANH receives a proposal over a selected area, it will make public such proposal and invite the public to compete for its allocation.
The ANH will publish all documents and news related to the 2018 Permanent Competitive Bidding Procedure in the following link:
procedimiento competitivo permanente 2018
Please enter the following link in order to see Agreement 01 of 2018 and Resolution 322 of 2018, as well as the final version of the Terms of Reference: