Argentina's state energy company Enarsa could work with Spanish oil major Respol YPF (NYSE: REP) on hydrocarbons exploration in the offshore Malvinas basin, a Repsol spokesperson told BNamericas, confirming a report in newspaper El Cronista.
The basin exploration is due to take place in 2008, the paper reported.
Repsol previously announced plans to invest US$4.6mn for E&P in Argentina in 2007-09.
Offshore exploration in Argentina has potential, and the newly formed state company already holds stakes in several joint exploration agreements.
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