According to local sources in early August 2019, Ecuador plans to announce the Intracampos II Bid Round in November 2019. More details regarding the schedule have not been released. Five blocks will be offered, Blocks 1-5, located in the Napo Basin - it was announced during the XII Ronda Petrolera Intracampos Ecuador presentation in Houston on 25 September 2018.  During a conference in late May 2019, Ecuadorâs Adviser to the Minister at Ministry of Energy and Non-Renewable Natural Resources Jose Antonio Cepeda announced that the Intracampos II Bid Round will be in 2019 â most likely end of the year. The government planned to announce the round after the closing of the XII Ronda Petrolera Intracampos Ecuador, as previously reported in late December 2018.  Local news reported in late July 2018 that Ecuadorâs Secretaria de Hidrocaburos plans to announce in late 2018 - 1Q 2019 the Intracampos II Bid Round, which may include 14 fields, with estimated reserves of 157.4 MMbo. The fields are part of Petroamazonasâ portfolio and will be returned to the government.Â  Expected investment for the areas is USD 1.2 billion. The government plans to offer a new contract for the awarded areas in this round - the Participation Contract, Production Sharing Agreement. The Decree 449 was presented to the Legislative for review on 18 July 2019, in order to change the current Service Contract to Participation Contract and attract more investment.   Ecuadorâs Secretaria de Hidrocarburos released an estimated schedule for the Intracampos Bid Round, which is expected to be officially announced in late July 2018. The entry fee is USD 100,000 per company, which will have three months for an evaluation and presentation of offers. In September 2018, the government plans to award the contracts and offer the Participation Contract.  Reserve certification will be handled by a third-party company for the eight blocks,15 fields: Araza Este, Charapa, Chanangue, Espejo, Iguana, Panayacu Norte, Perico and Sahino. The total projected investment expected for the 930 sq km area, has been reviewed and it is now USD 756 to USD 1,159 million, and not USD 903 million, nor USD 1.25 billion as previously announced. The estimated peak production at 14-19 bo/d, is expected around 2024.
According to local sources in early August 2019, Ecuador plans to announce the Intracampos II Bid Round in November 2019. More details regarding the schedule have not been released. Five blocks will be offered, Blocks 1-5, located in the Napo Basin - it was announced during the XII Ronda Petrolera Intracampos Ecuador presentation in Houston on 25 September 2018.