Nicaragua's INE Prequalifies Four for Offshore E&P Round
The companies are all international firms and have started to purchase bidding documents, said Espinosa, without disclosing names.
Although the prequalification phase is due to close in late February, the round's timetable probably will be pushed back after President-elect Daniel Ortega takes office on January 10, he said.
A new calendar could be released by the end of this month or early February, he added.
Blocks in the second round cover 84,123 sq km and 33,546 sq km offshore the Caribbean and Pacific coasts, respectively.
Contracts in this latest round will mirror those in the first round with up to 4,000 sq km per contract. The contracts' exploration period is six years and 30 years for production.
Five E&P concession contracts were signed for the first round: Industrias Oklahoma Nicaragua (Indoklanicsa) picked up 19 Pacific offshore blocks (3,423 sq km); Infinity picked up Caribbean areas in the Perlas (2,291 sq km) and Tyra (3,330 sq km) blocks; and MKJ Exploraciones won areas in Perlas (4,000 sq km) and Tyra (4,000 sq km).
Visit BNamericas to access our real-time news reports, 10-year archive, Fact File company database, and latest research reports. Click here for a Free two week trial to our Latin America Oil & Gas information service.
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- UK Oil Regulator Publishes New Emissions Reduction Plan
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- PetroChina Posts Higher Annual Profit on Higher Production
- McDermott Settles Reficar Dispute
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- USA Oil and Gas Job Figures Jump
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- Blockchain Demands Attention in Oil and Gas
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Equinor Makes Discovery in North Sea
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension