Argentina's Auction of Offshore Acreage Draws Interest

Автор: OGE Editor, 11 мая 2018

International oil firms including  Norway's Statoil, U.S. Anadarko Petroleum, China's CNOOC and Malaysia's Petronas have  shown interest in Argentina's auction this year of offshore blocks for exploration and production, the country's energy minister told Marinelink.com on the sidelines of a recent energy conference in Houston.

Argentina, which is still defining the areas to be included in the auction, also wants oil companies currently exploring at its large Vaca Muerta shale field to move from pilot to full development phase after offering incentives to cut costs.

Six projects have moved to the production stage in recent months, and the government expects 13 more concessions to adopt the country's incentive program, Minister Juan Jose Aranguren said.

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