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SEVEN INDEPENDENTS FILE BIDS FOR COSTA RICAN FRONTIER BLOCKS

08.01.1990 / Energyboardroom

Costa Rica has received bids from seven independent oil companies for offshore and onshore acreage under its first formal round of bidding for exploration acreage. The sparsely drilled nation received bids for exploration rights covering 11 blocks, mostly in its northeastern interior and coastal regions. Held Dec. 15, 1989, the bidding was the first since the government established Refinadora Costarricense de Petroleo SA (Recope) to coordinate hydrocarbon exploration, development, and refining

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