Rodada offshore Argentina
Oil and Gas

Equinor and ExxonMobil are among the winners of Argentina’s offshore round

Apr, 17, 2019 Posted by datamarnews

Week 201917

Norwegian oil and gas giant Equinor and American ExxonMobil are among the winners of Argentina’s first offshore licensing round which took place yesterday in Buenos Aires. Equinor has added seven offshore exploration blocks to its portfolio, while ExxonMobil has added three.

Equinor won five blocks as operator and participated in winning bids with YPF and Total who will operate two other blocks. ExxonMobil will operate three blocks, MLO 113, MLO 117 and MLO 118.

BLOCK NAME  SIZE PARTNERSHIP
MLO 121 4291 km2 Equinor (operator,  100%)
MLO 123 3787 km2 Total (operator, 37.5%), YPF (37,5%) and Equinor (25%)
CAN 102 8965 km2 YPF (operator, 50%), Equinor (50%)
CAN 108 2882km2 Equinor (operator, 100%)
CAN 114 7079 km2 Equinor (operator, 50%), YPF (50%)
AUS 105 2157 km2 Equinor (operator, 100%)
AUS 106 2283 km2 Equinor (operator, 100%)
MLO 113 ExxonMobil (operator, 70%), Qatar Petroleum (30%)
MLO 117 ExxonMobil (operator, 70%), Qatar Petroleum (30%)
MLO 118 ExxonMobil (operator, 70%), Qatar Petroleum (30%)

 

A total of 38 blocks were on offer, while only 18 received bids to conduct exploration. According to BNAmericas, four of the bidding companies have no previous operations in Argentina: Mitsui, BP, ENI, and Tullow. The rest are Qatar Petroleum, Equinor, ExxonMobil, Total, YPF, Shell, Pluspetrol, Tecpetrol, and Wintershall.

Argentina’s energy secretariat will validate the companies that were awarded blocks in May.

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