[We are finally getting to the bottom of why the current confrontation is taking place between Columbia and Venezuela; the reason why the 4th Fleet is parked in Costa Rica. Exploration rights to the following active blocks in the Caribbean have just been awarded, in the 2010 Open Round conducted by Colombia’s National Hydrocarbon Agency (“ANH”). If you are a corporation, you can see the list of the 78 companies who won the bidding on July 5. ]

(SEE: Los Cayos andGuajira Basins)

Los Cayos Basin is located in the Colombian Caribbean Sea. It limits to the W with Nicaragua (meridian 82), and to the N with the Colombia and Jamaica joint area. It has a total area of 126 591 km2 of which approximately 100 km2 correspond to emerged areas.

The Guajira Basin is placed at the north-eastern corner of Colombia. It is limited by two regional wrench faults, supposed to represent the contact between the Caribbean and South American plates.

Nicaragua also threatens to Colombia militarmene

By: AFP

“We have an army that is very quickly in the defense of sovereignty threatened,” said Ortega.

The president of Nicaragua, Daniel Ortega said Saturday that the army “is ready” to defend the sovereignty if Colombia allows oil concessions in a sea area that both countries played in the Caribbean.

“I have to express (…) tonight we have an army that is very quickly in the defense of sovereignty threatened by the expansionist policy which has been Colombia,” Ortega said during a rally in Managua.

Ortega referred to the Colombia oil concessions offered on the seafront that the two countries are in dispute in the International Court of Justice (ICJ) since 2001.

On Wednesday the president, however, also said, speaking on the subject, that Nicaragua has no intention of entering into a confrontation with Colombia, but will assert their rights before the International Court.

Nicaragua in December 2001 asked the ICJ to recognize their dominance over 50,000 km2 of territorial waters in the Caribbean, including the sovereignty of the islands of San Andrés, Providencia and Santa Catalina, Roncador Cays, Quitasueño and Serranilla , held by Colombia.