New
Colombia oil contracts awarded
Petroleumworld
CARACAS
Petroleumworld.com 01 31 06
Eight new oil and gas exploration and production contracts and
five preliminary contracts of 2006 for a total of $38 million
in investments were awarded, the Colombian National Hydrocarbons
Agency said Monday.
BHP
Billiton secured two areas of about 475,000 hectares each in the
Caribe Offshore basin. The company plans to spend about $13 million
in each areas during the next six years, the ANH, said in a statement.
Occidental
Petroleum was awarded the area called "Cascabel" in
Magdalena river basin. The exploration program will last 4 years
and includes a commitment to invest $1.9 million in the 46,000-hectare
area.
Hocol,
awarded two areas in the Llanos basin in the Andes foothillsand
the company is committed to invest $6.3 million in exploring two
areas in the Llanos basin in the Andes foothills.
London-based
Taghmen Energy secured the Midas block, which is located in the
Magdalena river basin. Taghmen's exploration six-year program
includes a $1.5 million investment.
Apex Energy Energy also secured the rights to seek oil and gas
in the Magdalena basin. Apex committed to invest $1.1 million
during four years.
Colombian company Competrol was awarded the Chicuaco area of the
Llanos region and is committed to invest $199,000 in exploratio.
In
addition, OAO Lukoil, Occidental Petroleum and Spain-based Compania
Espanola de Petroleo, London-based Texican Oil PLC and Colombian
oil company Ecopetrol all secured rights to carry out preliminary
evaluation for five different areas and committed to invest about
$1 million.
The
ANH had signed 31 exploration and production contracts in 2005.
Petroleumworld
01/30/06
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