Monday, 9 October 2017

Argentina to auction oil and gas licenses in 2018

South Atlantic margin basins. Source:Getech South Atlantic margin basins. Source:Getech

Encouraged by a seismic survey of Atlantic coast acreage, Argentina has announced it will auction offshore oil and gas exploration rights near its northeastern sea border next year. The energy ministry hopes the subsalt basin off Brazil continues south which could lead to discovery of attractive conventional fields that help reverse Argentina’s energy deficit.

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