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Colombia aims for 20 new oil contracts

Friday, September 27, 2019

Colombia hopes to sign 20 contracts for oil exploration and production rights in its coming auction, the head of the national hydrocarbons agency said, as it looks to possible offshore success over the next 18 months.

The country is offering 59 blocks in the auction, its second this year. Five of the blocks are offshore, and 24 have potential for gas production, Reuters reports.