Seven Bidders for Four Rio Negro Blocks
The four blocks - Laguna El Loro, Laguna de la Piedra, Loma Kauffman, and Cinco Saltos - are the first of 18 blocks the province ultimately plans to tender.
The province also planned to tender the Meseta Baya block in this round, but no companies presented bids for its development.
The companies that submitted bids were Argentine oil companies Pluspetrol, Oil M&S, Estrella Servicios Petroleros and Interenergy. Other bidders include Korean oil firm Golden Oil, Canadian oil company Petrolifera and the local subsidiary of US oil company Cliveden.
Golden Oil submitted a bid for the Laguna de Piedra area; Cliveden for Laguna del Loro; Pluspetrol, Cliveden and Interenergy for Cinco Saltos; and Oil M&S, Petrolifera, Interenergy and Estrella Servicios Petroleros for Loma de Kauffman
The government plans to open economic bids on October 19, according to the statement.
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