Rio Negro Opens Economic Offers in 3rd E&P Round

Government officials in Argentina's Rio Negro province have opened economic offers in the province's third hydrocarbons round, the provincial government said in a statement.

Eight companies previously submitted technical offers in mid-July.

US oil and gas company Apache (NYSE: APA), Argentina's Compania General de Combustibles (CGC) and a transitory business union (UTE) formed by Estrella Servicios Petroleros and Calgary-based Petrolifera Petroleum (TSX: PDP) submitted offers for the Angostura block.

The block was pre-awarded to CGC, which presented a US$45.9mn offer for the block.

Petrolifera submitted a US$10.5mn offer for the Puesto Guevara block.

A UTE formed by Argentine oil and gas company Roch and Canadian oil and gas company Antrim Energy (TSX: AEN) submitted a US$5.1mn offer for the Tres Nidos Sur block.

Canada's Geodyne Energy submitted a US$5.4mn offer for the Blanco de los Olivos block and a US$3.9mn bid for the Catriel Viejo Sur block.

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