On 27 March 2018, Repsol with 100% working interest was granted a preliminary award for the 814 sq km Area 5, G-BG-05 block and 811 sq km Area 12, G-BG-07 block from the CNH-RO3-LO1/2017 Bid Round.Â  The final official contract signature award is to take place within 90 days or 1 July 2018.    The company bid      56.29% state take over the minimum of 22.5% for the Area 5 block and      48.17% for the Area 12 block.     The company bid 0      in additional work units factor equivalent to no exploration wells.     There was one other      bid for the Area 5 block by PEMEX who offered 23.89% state take and 0      additional work unit factor. There were no other bids for the Area 12      block.
 Repsol with 100% working interest was granted a preliminary award for the 814 sq km Area 5, G-BG-05 block and 811 sq km Area 12, G-BG-07 block from the CNH-RO3-LO1/2017 Bid Round. 