Mendoza Hydrocarbons Exploration Bidding Rules Go on Sale
Argentine province Mendoza's economy ministry began selling bidding rules on Wednesday (July 12) for contracts to explore for hydrocarbons in four areas, the provincial government reported.
The four areas are the Nacunan and Los Tordillos Oeste properties in the Cuyana basin as well as the Neuquén basin's Chachahuen and Rio Atuel properties.
Rules will be available through October 5 with technical and financial offers to be opened October 10.
Two exploratory wells drilled in the Rio Atuel area showed gas productivity, while the Los Tordillos area had an oil find that was not commercially viable when discovered in 1969.
The Chachahuen area has not been explored extensively, although there are two small areas nearby with oil production. Nacunan has had many exploratory wells drilled which so far have shown traces of hydrocarbons.
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