Rio Negro to Sign 4 Exploration Concessions End-January
Companies that were pre-awarded the concessions will sign the contracts at the end of January, Balda added.
The province in November pre-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.
Estimated investment in the four blocks is expected to reach US$80mn in total over two years, BNamericas previously reported.
The blocks are the first of 18 the province ultimately plans to tender.
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