CNH signs agreements with bidders that were awarded contracts of the Fourth Tender, Round Two

Comisión Nacional de Hidrocarburos

The execution of these 19 agreements marks the conclusion of Round Two, where 50 out of 68 tendered contractual areas were awarded.
In case of successful exploratory activities, the estimated total investment could reach USD 92.8 billion.
The agreements will be valid for 35 years with two possible extensions of up to ten and up to five years, respectively. The 19 Contractual Areas have a total area of 44,178 km2 and prospective resources of 2,798 million barrels of oil equivalent.
Source: CENACE
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