Santa Cruz Bidding Attracts 11 Companies, 33 Bids

Government officials from Argentina's Santa Cruz province have opened 33 technical bids from 11 companies for the E&P concessions of 15 blocks, the provincial government said in a statement.

The blocks are called Gran Bajo Oriental, Meseta Ceron Chico, Rio Guenguel, Sur Rio Deseado, Sierra Espana, El Tranquilo, Lago Cardiel, Guanaco Muerto, Mata Amarilla, Laguna Grande, Piedra Buena, Paso Fuhr, Tapi Aike, El Turbio and El Turbio Este.

Although wells have been drilled on several of the blocks, none have entered into the production phase, Santa Cruz's hydrocarbons subsecretary Daniel Varas told BNamericas.

"These areas were never in the production phase, but there are areas with very good [gas] potential," Varas said.

The province plans to open economic bids on or near January 10 and subsequently award the blocks in March, Varas added.

The blocks that received the most bids were Tapi Aike, Gran Bajo Oriental, Meseta Ceron Chico, Paso Fuhr and Turbio Este.

The provincial government received bids from Geopark Argentina, Misahar Argentina, Oil M&S, Petrobras Energia, and YPF for the Tapi Aike block.

Enap Sipetrol Argentina, Oil M&S and Tecpetrol submitted bids for the Gran Bajo Oriental block, while Enap Sipetrol Argentina, Epsur and Estrella Servicios submitted bids for the Meseta Ceron Chico block.

Epsur, Oil M&S, Petrobras Energia and YPF submitted bids for the Paso Fuhr block, while Geopark, Misahar, and YPF submitted bids for the Turbio Este block.

Inwell also participated in the tender, offering bids for the Lago Cardiel and Guanaco Muerto blocks, and was also the sole bidder for the Tranquilo block.

Oil M&S presented the most bids of any company, including offers for the Gran Bajo Oriental, Guanaco Muerto, Paso Fuhr, Lago Cardiel and Tapi Aike blocks, for which the company will compete against other firms. Oil M&S was the sole bidder for the Sierra Espana, Mata Amarilla, Laguna Grande and Piedra Buena blocks.

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