The province plans to launch the tender in March, although a specific date has not yet been established.
The tender will be the province's second tender round and include 10 new blocks as well as one block, La Union, that was not awarded in the first round.
The blocks have varying risk levels and a variety of companies have already expressed interest in the tender.
"With these 11 blocks, we are more likely to produce oil than gas, but some regions could also be important for gas," Alonso said.
With regards to the first tender, the Chirete block was awarded to Brazil's state oil company Petrobras (NYSE: PBR). The Hickman block was awarded to a consortium of Petrobras and local oil company Tecpetrol, the Tartagal Oriental and Morillo blocks were awarded to Chinese oil company JHP and Korean oil company Petroterra secured the Malvalay block.
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