The National Hydrocarbons Agency (ANH) has published the final terms of reference that will govern the bidding process for the award of oil and gas areas in 2012. Through Resolution 152 of May 14 2012, the ANH has ordered the official opening of the selection process.
The areas to be awarded are located in the following regions: Vaupes-Amazonas; Caguan-Putumayo; Colombia; Cordillera Oriental; Guajira; Guajira (offshore);Valle Inferior del Magdalena; Valle Medio del Magdalena; Valle Superior del Magdalena; Catatumbo; Tumaco Costa Afuera (offshore); Llanos; Sinu San Jacinto; and Uraba y Sinu (offshore).
The terms of reference are similar to the draft terms that were previously published by the ANH, but the draft model exploration and production contract has now been attached and the bidding process dates have changed in accordance with the table below.
| Sale of information packages begins | February 22 2012 |
| Draft terms of reference published | March 1 2012 |
| Road shows | February 29 to May 9 2012 |
| Data room in Bogota | March 20 to July 16 2012 |
| Comments to draft terms of reference | March 1 to 30 2012 |
| ANH replies to comments | April 23 2012 |
| Bidding process officially opens and final terms of reference published | May 14 2012 |
| Comments to final terms of reference | May 15 to 28 2012 |
| ANH replies to comments | May 29 to June 12 2012 |
| Deadline for publication of addenda | June 15 2012 |
| Qualification documents filed | June 22 to July 23 2012 |
| Documents examined and preliminary list of qualified entities published | July 24 to August 24 2012 |
| Comments to preliminary list | August 27 to 31 2012 |
| Final list of qualified entities published | September 17 2012 |
| Proposals filed, bid bond and opening public hearing | October 17 2012 |
| Qualification of proposals and publication of preliminary list of eligibility | November 1 2012 |
| Comments to preliminary list of eligibility | November 2 to 13 2012 |
| Final list published and areas awarded | November 26 2012 |
| Second round | November 30 2012 |
| Execution of contracts and compliance with contract requirements | November 27 to December 21 2012 |
The full text of the final terms of reference (in Spanish) may be found at www.rondacolombia2012.com/images/presentaciones/terminos_de_referencia_definitivos.pdf.
For further information on this topic please contact Gabriela Mancero Bucheli at Peña Mancero by telephone (+57 (1) 640 1355) or email ([email protected]).