La Pampa E&P Tender Attracts 4 Offers

La Pampa Province
(Click to Enlarge)
Four offers have been submitted to Argentina's La Pampa province to explore and develop the 100 sq km Medanito Sur hydrocarbons area, the provincial government reported.

The bidders were Raiser-Energia Argentina, which offered a 41.5% production share starting in the sixth year, Oil M&S with 32.1%, Petrolifera Petroleum America with 29.1% and Gregorio Numo-Noel Werthstein-Petrosiel-Energial with 28.3%.

The offers exceed current contract royalties paid by the province and will "surely impact" the national oil sector, governor Carlos Alberto Verna said.

The province expects to issue a decision on July 25.

Visit BNamericas to access our real-time news reports, 7-year archive, Fact File company database, and latest research reports. Click here for a Free two week trial to our Latin America Oil & Gas information service.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Load Planner/ Dispatcher Frac Sand
Expertise: Dispatcher|Project Management
Location: Mansfield, TX
United States Houston: Marketing Specialist
Expertise: Business Development|Marketing|Sales
Location: Houston, TX
Project Engineer
Expertise: Electrical Engineering|Instrument & Controls Engineer|Project Management
Location: Deer Park, TX
search for more jobs

Brent Crude Oil : $48.06/BBL 2.51%
Light Crude Oil : $45.77/BBL 2.17%
Natural Gas : $2.97/MMBtu 2.30%
Updated in last 24 hours