document: On 26 November 2019, Colombia's Agencia Nacional de Hidrocarburos (ANH) received 17 initial bids for 15 blocks, out of the 59 offered and below the expected 20, as part of the for Phase II of the Permanent Process of Assignment of Areas, or PPAA. Initial bids total roughly US$ 523.4 million. The highest bids received, including total bid offered and the minimum counter offer, are as follows:->LLA-100 - Hocol - bid total: US$ 15,491,009 - minimum counter offer: US$ 15,688,309->LLA-119 - Frontera Energy - bid total: US$ 14,303,263 - minimum counter offer: US$ 14,500,563->LLA-121 - Ecopetrol - bid total: US$ 62,479,977 - minimum counter offer: US$ 62,677,277->LLA-122 - Ecopetrol-Parex - bid total: US$ 66,409,207 - minimum counter offer: US$ 66,606,507->LLA-123 - Hocol-Geopark - bid total: US$ 19,614,579 - minimum counter offer: US$ 19,811,879->LLA-124 - Hocol-Geopark - bid total: US$ 25,727,920 - minimum counter offer: US$ 25,925,220->PUT-21 - Gran Tierra - bid total: US$ 11,177,045 - minimum counter offer: US$ 11,374,345->PUT-33 - Gran Tierra - bid total: US$ 10,867,284 - minimum counter offer: US$ 11,064,584->PUT-36 - Amerisur - bid total: US$ 480,654,180 - minimum counter offer: US$ 48,851,480->SN-26 - La Luna-Captiva - bid total US$ 60,707,237 - minimum counter offer: US$ 60,904,537->VIM-33 - Canacol - bid total US$ 33,235,185 - minimum counter offer: US$ 33,432,485->VMM-45 - Canacol - bid total US$ 19,700,405 - minimum counter offer: US$ 19,897,705->VMM-46 - Parex - bid total US$ 26,211,305 - minimum counter offer: US$ 26,408,605->VMM-49 - Canacol - bid total US$ 78,712,835 - minimum counter offer: US$ 78,910,135->VSM-36 - Parex - bid total US$ 30,127,710 - minimum counter offer: US$ 30,325,010<P />Qualified parties have until 5 December 2019 to submit a counter offer. On 19 November 2019, the ANH published the final list of pre-qualified companies for Phase II of PPAA. In total, 28 companies have pre-qualified and two have failed to qualify for the entitlement to bid on the 59 blocks on offer. Of the 28 companies who have met the pre-qualification financial requirements, 16 are accredited to submit proposals and counter offers for offshore areas. Observations on the list were open trough 14-15 November 2019. <P />Below is the list of pre-qualified companies:1. CNE Oil and Gas SAS (subsidiary of Canacol) - not qualified for future bid round cycles & not offshore2. Frontera Energy Colombia Corp3. Ecopetrol SA4. Parex Resources (Colombia) Ltd5. Geoproduction Oil and Gas GMBH - not offshore6. Occidental Andina LLC 7. Occidental de Colombia LLC - not offshore8. Gran Tierra Energy Colombia LLC9. Cepsa Colombia SA - not offshore10. Geopark Colombia SAS11. Occidental Condor LLC12. Aspect Holdings LLC - not offshore13. Hunt Overseas Oil Co14. Ecopetrol Costa Afuera SAS15. Hocol SA16. Amerisur Exploracion Colombia Ltd - not offshore17. Mansarovar Energy Colombia Ltd18. Union Temporal La Luna Captiva (La Luna E&P S de RL 70% & Captiva Resources, LLC 30% -Operator) - not offshore19. Noble Energy Ltd20. Hupecol Oriente Colombian Holdings LLC - not offshore21. ONGC Videsh Ltd22. Colombia Energy Development Co - not offshore23. Interoil Colombia Exploration and Production INC - not offshore24. Vetra Exploracion y Produccion Colombia SAS25. Petroleos Sud Americanos SA Ltd - not offshore26. CNOOC Petroleum Colombia Ltd27. Lewis Energy Colombia INC28. Ismocol<P />The pre-qualification list includes the usual Colombian players. No new major players have pre-qualified to bid, however some major companies which hold only a few assets in the country, have qualified such as Chinese state company CNOOC. CNOOC previously acquired the Villarrica Norte and Boqueron blocks through its acquisition of Nexen. IOCs currently participating offshore in Colombia such as Shell, ExxonMobil and Repsol are notable in their absence. Emerald Energy PLC failed to meet legal, economic and financial, technical and operational plus corporate social responsibility capa
summary: 75% of the blocks on offer in Colombia's 2nd round of the' permanent offer' failed to attract bids, only 15 blocks ended up finding a taker, none offshore.