Argentina Announces Offshore Exploration Round 1

Instant Max AI

(Energy Analytics Institute, Aaron Simonsky, 6.Nov.2018) — Argentina’s Energy Secretariat announced a tender for exploration activities offshore the Argentine continental shelf.

The activities will expand Argentina’s exploration and exploitation potential and potentially increase hydrocarbon production in an effort to ensure domestic supply.

Exploration permits cover around 200,000 square kilometers, and represent a total of 38 blocks in the Austral Marina, West Falklands and North Argentina basins, announced Argentina’s Treasury in an official statement on its website.

Details of the tender were published in the Official Gazette through the Resolution 65/201: Offshore International Public Competition No. 1.

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