Enarsa, Repsol YPF Could Explore Malvinas Basin in 2008

Argentina's state energy company Enarsa could work with Spanish oil major Respol YPF (NYSE: REP) on hydrocarbons exploration in the offshore Malvinas basin, a Repsol spokesperson told BNamericas, confirming a report in newspaper El Cronista.

The basin exploration is due to take place in 2008, the paper reported.

Repsol previously announced plans to invest US$4.6mn for E&P in Argentina in 2007-09.

Offshore exploration in Argentina has potential, and the newly formed state company already holds stakes in several joint exploration agreements.

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