As of early April 2019, the Ecuadorâs Ministry of Non-Renewable Natural Resources still plans to offer Blocks 20, 22 and 29 in the Subandino Bid Round â as previously reported in early October 2018. Blocks 22 and 29 were originally scheduled to be offered in the first phase of the Suroriente Bid Round, Ronda Bloque 70. A schedule has not been announced.             Block         Number of Prospects / Field         P10 (MMBO)         P90 (MMBO)         OOIP Total Swanson's Mean (MMBO)             20         1         3,800         22,174         11,392             22         6         438         234         332             29         3         81         30         54             TOTAL            4,319         22,438         11,778        Â   Ecuadorâs Secretaria de Hidrocarburos still plans the Suroriente Bid Round. The ronda will be split in two phases, The First Phase, Ronda Bloque 80, will start during the 4Q 2018 and will offer seven and not nine blocks: 80,81,82,84,85,86 & 87 and will require an investment of USD 729 for exploration and USD 1.38 billion for development â Blocks 22 and 29 were moved to the Subandino Bid Round. The Second Phase, Ronda Bloque 70, will start during 3Q 2019 and will offer seven blocks: 70,71,72, 73, 76, 77 and 78 â the investment required will be USD 285 million for exploration and USD 1.38 for development.   It appears that most of the blocks included in this round, will be the blocks which did not receive bids during the 2012-2013 Suroriente E&P Bid Round. The bidding results were underwhelming, with only four blocks out of 16 receiving offers. For the 13 blocks available to non-national oil companies (NOCs), Repsolâs subsidiary Repsol Cuba (Block 29) and the Chinese CNPC and Sinopec joint venture (JV) Andes Petroleum (Blocks 79 and 83) bid. The 16 bid blocks offered, are listed below:    Oriente (Maranon extension from Peru, Blocks 78, 79, 80, 81,      83, 84, 86 and 87),     Santiago (Blocks 28, 70, 71, 72, 73 and 77),     Napo High and Napo (Putumayo Basin extension from Colombia, Blocks 22 and 29).
the Ecuadorâs Ministry of Non-Renewable Natural Resources still plans to offer Blocks 20, 22 and 29 in the Subandino Bid Round â as previously reported in early October 2018. Blocks 22 and 29 were originally scheduled to be offered in the first phase of the Suroriente Bid Round, Ronda Bloque 70.