An official was cited by Reuters as saying that the country has received three bids, including those from Israel’s Delek Group and Interland Investments.

The contract will include exploration for a period of up to five years, with an option to extend to seven years. The winning bidder can develop and produce from the blocks for 25 years or more.

The bidding process, which were to end in June, was extended by a month to allow for more companies to place their bids. A deadline date of 15 July was set for potential bidders to bid for blocks 4, 3, Dumre, C and 4 onshore.

The two blocks are located close to another well at which the Shell-Petromanas joint venture is drilling. The venture is currently drilling two wells in the country.