Oil & Gas – Ecuador – First groups register for 10th licensing round
All acreage being offered in Ecuador’s 10th licensing round has attracted interest from the first groups to register, the round’s coordination office from the non-renewable natural resources ministry’s hydrocarbons department told BNamericas.
The ministry last month issued the international call for bids for blocks Armadillo, Chanangue, Charapa, Eno-Ron, Ocano-Peсa Blanca and Singue.
Groups that have registered and purchased documents to date are Sertecpet, Consorcio Okeme (Sertecpet-Cantбrida), Sertecpet y Conacol, and Petrobell y Otras, according to information from the office.
The participation fee is US$10,000/block and offers are due August 26.
The licensing round was the first launched since companies migrated to service from participation contracts.
Additional round information, including block information, is available at this link
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