Argentina launches its first offshore bidding round in 30 years
Nov, 22, 2018 Posted by datamarnewsWeek 201846
Argentina has launched its first offshore bidding round in 30 years, with the bidding including 14 blocks in Argentina’s deep-Atlantic region, 6 blocks in the Austral area and 18 blocks in the Malvinas region. The first phase of the tender is exploratory in nature, with a 4-year tenure to prospect the block. Once an oil reservoir is proven, the government will grant a further 30-year concession for production. The deadline to submit an offer is March 14, 2019, and the interested parties must register 30 days prior to the deadline with a fee of US$50,000 to have access to the details.
Supporting sources
Argentina launches off-shore bidding in the Austral and Malvinas regions
“Offshore Argentina is one of the least explored areas of our country”, announced Energy Secretary Javier Iguacel
The areas in the bidding round include: 14 blocks in Argentina’s deep-Atlantic region, 6 blocks in the Austral region, and 18 blocks in the Malvinas region
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