Five Companies Submit Offers for Ayala I, VI Blocks

Argentina's La Pampa province oil company Pampetrol has received six offers from five companies for its tender of the Gobernador Ayala I and VI blocks, a Pampetrol spokesperson told BNamericas.

Canadian oil company Petro Andina and Italian oil company Tecpetrol submitted offers for the Gobernador Ayala I block.

Argentina's Petroquimica Comodoro Rivadavia (PCR), Guerten, Canada's Crown Point (TSX-V: CWV) and Petro Andina submitted offers for the Gobernador Ayala VI block, according to the spokesperson.

The blocks are in the Neuquén basin and cover 292km2 and 293km2, respectively.

Offers will be opened on August 31 at Pampetrol's headquarters in the Argentine city of Santa Rosa.

The winning bidders will work in cooperation with Pampetrol to conduct 3D seismic evaluations and drill two exploratory wells, BNamericas reported previously.

Pampetrol was created in September 2006 by La Pampa province, which holds a 60% stake in the firm. Municipalities in the province hold 20% and the remaining 20% is publicly traded.

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