ANH Receives 22 Offers for E&P Round

Colombia's state hydrocarbons regulator ANH has received 22 offers for the round dubbed the first competitive process of 2007, according to ANH documents obtained by BNamericas.

The offers came from a total of 17 companies that proposed initial investments for the first phase of work to be completed on the blocks, according to the documents.

A consortium made up of NCT Energy and Inepetrol submitted a US$6.6mn offer for the Altair area as well as an offer totaling US$22mn for three blocks in the Alea area.

US-based Ramshorn International submitted an offer totaling US$13mn for two blocks in the Altamira-Jagueyes area.

A consortium made up of Petrotesting and Southeast tabled a US$3mn offer for one block in the Alea area, and a consortium formed by NCT and Petrotesting presented a US$3.3mn offer for another block in the Alea area.

Toronto-based Pacific Stratus' SEEP subsidiary presented a US$2.5mn offer for La Maye area and Tethys Petroleum, also of Toronto, submitted a US$3mn offer for one block in the Altamira-Jagueyes area.

Texas-based Lewis Energy tabled a US$1.2mn offer for the Altair area.

Colombian oil company Rancho Hermoso submitted a US$2.5mn offer for the Sierra area and a US$2.4mn offer for the La Cuerva area.

Bogotá-based Huepecol Caracara presented a US$3.2mn offer for the Altair area and a US$6.5mn offer for the La Cuerva area.

Interoil submitted a US$2.5mn offer for the Sierra area, a US$6.5mn offer for the Altair area and a US$6.5mn offer for the La Cuerva area.

A temporary business union formed by Kappa Resources and Integral Production Management submitted a US$1.7mn offer for the Sierra area.

Caracas-based Vetra submitted a US$8.5mn offer for one block in the Alea area and a US$6.6mn offer for the Altair area.

Colombian oil company Petrominerales (TSX: PMG) presented a US$425,000 offer for one block in the Altamira-Jagueyes area and another US$825,000 offer for another block in the same area.

Calgary-based Gran Tierra Energy presented a US$1mn offer for the Sierra area and Houston-based New Horizon Exploration submitted a US$1.6mn offer for the La Maye area.

A number of the companies including Tethys, Lewis Energy and Interoil currently list no activities in Latin America.

Financial evaluations are due to be undertaken between October 29 and November 9, and the ANH will publish a list of companies eligible for the block awards on November 15.

ANH launched the round July 6 for blocks located in seven areas in the Llanos Orientales, Putumayo and Valle Superior e Inferior del Río Magdalena regions of Colombia.

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