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Permanent Process of Areas Allocation: Facts and Figures


US $600 Million
of total estimated investment


Permanent allocation
instead of temporary


Favourable conditions in offshore
duty free zones (tax reduction up to 19%)


20 areas
with enormous potential available for bidding


9 Emerging areas
and 11 mature areas are available


No minimum investment
requirement, only minimum activity


Locations include the sedimentary basins of:

  • Guajira: remaining resources: 2107 MBPE
  • Sinú: remaining resources: 4371 MBPE
  • Llanos Orientales: 13 blocks
  • Magdalena Valley: VSM, VMM and VIM - 5 blocks


You can even submit your bidding for the areas not included in the 20 announced


Lower royalty payments
in the 20 announced


6-year
continental exploration process, and 9-year for offshore

AREAS TO BE ALLOCATED

 

NAMECLASSIFICATIONLOCATIONESTIMATED EXTENSIÓN (Ha)
GUA OFF 10EMERGENTELA GUAJIRA107.101,61
SIN OFF 09EMERGENTEBOLIVAR, ATLÁNTICO98.945,96
LLA103MADURACASANARE17.226,30
LLA104MADURAMETA, CASANARE111.207,51
LLA85MADURACASANARE68.565,35
LLA86MADURAMETA103.401,83
LLA87MADURACASANARE43.554,14
LLA89EMERGENTEARAUCA121.309,83
LLA90EMERGENTECASANARE83.988,98
LLA91EMERGENTECASANARE, VICHADA170.984,25
LLA92EMERGENTECASANARE, VICHADA111.329,14
LLA93MADURACASANARE7.848,87
LLA94MADURACASANARE36.088,40
LLA96MADURACASANARE27.956,42
LLA99MADURAMETA, CASANARE54.629,31
VIM 22EMERGENTEMAGDALENA166.864,09
VMM24EMERGENTESANTANDER10.873,06
VMM41MADURASANTANDER34.917,47
COR9MADURATOLIMA12.661,68
VSM25EMERGENTETOLIMA27.608,76