A cycle of Open Acreage of Concession will start after the approval of at least one declaration from the sectors of interest accompanied by a guarantee of offer.
Each cycle of Open Acreage of Concession is composed of all the activities necessary to carry out the public session for the presentation of bids for the sectors that are the subject of a declaration of interest accompanied by a bid guarantee, and also includes the qualification of the winning bidders in the public session and the awarding of the object of the cycle's bidding.
A new cycle may only begin after the public session for the submission of bids from the previous cycle has taken place.