Nicaragua
There has been some interest in Oil exploration in Nicaragua. The country has awarded exploration licenses for five blocks in its offshore Pacific and Atlantic basins, though none of these licenses has led to actual exploration activities. Nicaragua has had a long-running territorial dispute with Colombia over areas of the Caribbean Sea surrounding the San Andreas and Providencia islands, areas thought to contain commercial quantities of oil reserves. In June 2005, Nicaragua lodged a format protest with Colombia over the granting of exploration concessions in the area by the Colombian government.