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Six companies made initial best offers for Colombia oil contracts


BOGOTA (Reuters) - Six oil companies have made the initial best offers on 11 oil exploration contracts in Colombia, the government said on Friday, as a bidding process meant to revitalise its long-stagnant oil sector moved forward.

GeoPark Ltd, Hocol SA, Parex Resources Inc, Ecopetrol SA, Gran Tierra Energy Inc, Frontera Energy Corp and a consortium comprised of GeoPark and Hocol handed in the best bids, the national hydrocarbons agency said in a statement.

The consortium made the best offer for three onshore contracts, all in the country’s eastern plains, the agency said.

Gran Tierra and Parex each had the ...


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