Salta, Scan Oil Sign Info Exchange Deal



Argentina's Salta province mining and energy resources secretary Ricardo Alonso has signed an agreement with Norwegian oil company Scan Oil & Energy to exchange hydrocarbons information, the provincial government said in a statement.

Company representatives met with provincial authorities with regards to investment opportunities, according to the government.

Alonso informed the Scan Oil representatives of the province's geological characteristics, hydrocarbons areas in the E&P phases and the free areas that the province plans to tender.

Deputy governor Walter Wayar also informed the company that installments, including pipelines and refineries, are functioning at 25% capacity due to a lack of crude oil, according to a separate statement from the provincial government.

Scan Oil also expressed interest in developing a joint venture with the province for production activities.

"We think the experience and ability Norway has could be important for our province. We are ready to study a new way of working such as a joint venture," Wayar said in the statement.

Scan Oil is based in Stavanger, the onshore center for the oil industry in the Norwegian sector of the North Sea.

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