Rio Negro Inks Exploration Concession Contracts

The governor of Argentina's Rio Negro province, Miguel Saiz, has signed exploration contracts with four hydrocarbons companies to explore four areas of the province, the provincial government said in a statement.

Specifically, the province awarded the Laguna El Loro block to US oil company Cliveden, the Laguna de Piedra block to Korean oil firm Golden Oil, the Loma de Kauffman block to Argentine oil firm Interenergy and the Cinco Saltos block to Argentine oil firm Pluspetrol.

"We closed the first round of bidding by signing the contracts today," Saiz said in the statement.

Estimated investment in the four blocks is expected to reach US$80mn in total over two years.

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.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Sr. Project Manager
Expertise: Project Engineer|Project Management
Location: Odessa, 
Administrative Assistant IV
Expertise: Executive|Secretarial or Administrative
Location: Houston, TX
US Houston: Account Rep, Bus Dev
Expertise: Business Development|Marketing|Sales
Location: Houston, TX
search for more jobs

Brent Crude Oil : $50.97/BBL 1.53%
Light Crude Oil : $48.75/BBL 1.79%
Natural Gas : $2.92/MMBtu 0.68%
Updated in last 24 hours