Province: Clevelan Sole Bidder for 7 Chubut Blocks

Local oil company Clevelan Petroleo Argentina has offered US$50mn for the exploration of seven blocks in Chubut province, the provincial government said in a statement.

The blocks are Rio Senguer, Paso Moreno, Rio Genguel Norte, Buen Pasto, Sierra Cuadrada, Nueva Lubecka and Paso de Indios.

Clevelan was the only company to submit bids for the exploration and the province is due to award the contracts in 10-15 days, a hydrocarbons department source told BNamericas.

Although there has not been E&P on the blocks in the past, the source said the blocks are more likely to produce oil than gas.

Officials in the province's hydrocarbons department declined to provide company information on Clevelan when contacted by BNamericas.

Visit BNamericas to access our real-time news reports, 10-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.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
United States Houston: Account Rep, Bus Dev, Sr
Expertise: Business Development|Sales
Location: Houston, TX
Business Development Manager
Expertise: Business Development|Construction Manager|Sales
Location: Tempe, AZ
SXL- Manager, Business Development
Expertise: Business Development
Location: Newtown Square, PA
search for more jobs

Brent Crude Oil : $49.98/BBL 1.59%
Light Crude Oil : $49.18/BBL 1.56%
Natural Gas : $2.73/MMBtu 1.44%
Updated in last 24 hours