The first 10 oil and gas permits were posted Thursday on the government’s electronic auction platform ProZorro.Sales

The first 10 oil and gas permits were posted Thursday on the government’s electronic auction platform ProZorro.Sales. Nine of the permits are for exploration and production, for 20 years. One is for exploration only, for five years. The 10 plots cover 1,800 square kilometers, an area with estimated gas reserves of 90 billion cubic meters and oil reserves of 115 million barrels. Companies have 90 days to register and to prepare their bids for the auctions on March 6. This first lot represents one third of 30 permits that the state Geology Service, Gosgeonedr, plans to put up for auction in the first half of next year.