To date, 19 companies have purchased bidding rules for the E&P of the marginal blocks, the statement said.
The tenders relate to the following areas in Orellana y Sucumbios provinces: Armadillo, Chanangue, Eno-Ron, Frontera-Tapi-Tetete, Ocano-Pena Blanca, Pucuna, Puma and Singue.
The eight areas have combined proven reserves of 116Mb of API grade 18-35 crude, and each area would require minimum investment of US$150,000.
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