Argentina to launch offshore round in October
Argentina The auction will include a total of 38 shallow-water and deepwater blocks in the Malvinas, Argentine and Austral basins. Companies reported to be interested in participating include Equinor, China National Offshore Oil Corporation, Anadarko Petroleum and Petronas.
Due to recent economic turmoil and investor uncertainty in Argentina, the bidding round launch was postponed from July. Licences were originally expected to be granted before year end.
“A lot of companies were asking for more time,” Secretary Iguacel said. “We will not postpone it any more. […] The terms are very interesting for exploration.”
Recent Posts
TotalEnergies, ConocoPhillips reach first oil at Norway project
TotalEnergies and ConocoPhillips have reached first oil production at the North Sea's USD 1 Read More
Equinor takes 45% stake in lithium projects in Arkansas, Texas
Equinor has acquired a 45% stake in two lithium project companies in the USA from Standard Lithium, the Norwegian energy… Read More
Seadrill wins $118-million drillship commitments
Seadrill has been awarded two drillship contracts in South Korea and the US Gulf of Mexico worth a total value… Read More
Namibia gets $138.5-million boost for renewables vision
The World Bank has granted Namibia a $138 Read More
PetroVietnam’s exploration arm announces oil finds
PetroVietnam exploration arm PVEP has announced two oil finds with combined initial reserves of 100 Read More
Mozambique’s Coral Sul FLNG passes performance test
Air Products’s LNG liquefaction equipment deployed on Coral Sul FLNG in Mozambique has successfully passed its performance test, Air Products… Read More