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Argentina roundup: Offshore block exit, Río Negro concession extension
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Offshore divestments
Two Argentine offshore hydrocarbons exploration licenses, originally awarded to the private sector, have been transferred back to the State.
The step was announced on Monday by the federal energy department.
Total Austral and BP had said last year that they relinquished their rights to Argentina Norte basin blocks CAN-111 and CAN-113. The two areas do not have an environmental permit.
ALSO READ: The offshore hydrocarbons push of Argentina, Uruguay and the Falklands
The official notice comes after other European drillers – Equinor and Eni – announced offshore divestments. It also follows news that Argerich-1, the country’s first ultra-deepwater exploration well, drilled in the Argentina Norte basin, was dry.
Río Negro concession extension
Río Negro province lawmakers passed a bill that authorizes 10-year hydrocarbons license extensions by 37 to eight votes.
The draft legislation, especially geared to mature fields, was given the green light at the committee stage last week, following amendments.
Chief among them is one establishing that each extension needs congressional ratification. Another one, concerning revenue distribution, sets out, for example, that 2% must go to energy efficiency programs.
At stake are 21 contracts that involve nine operators and which are due to expire in 2025-28. These account for 75% of the province’s production licenses.
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News in: Oil & Gas (Argentina)
![Roundup: Offshore seismic shoot, provincial carbon market bill, refinery flaring system tender](https://cdn-www.bnamericas.com/img/sectors/oilgas_1.jpg)
Roundup: Offshore seismic shoot, provincial carbon market bill, refinery flaring system tender
A roundup of oil and gas news from Argentina and Chile.
![Argentine producers seeking green light to pipe Noroeste basin gas to Chile](https://cdn-www.bnamericas.com/img/sectors/oilgas_2.jpg)
Argentine producers seeking green light to pipe Noroeste basin gas to Chile
The three basin export requests were filed by YPF, CGC and Tecpetrol.
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Other projects in: Oil & Gas (Argentina)
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PERI, founded in 1969, is one of the world's largest manufacturers of formwork and scaffolding. In addition to the parent plant and headquarters in Weissenhorn near Ulm, Germany...
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YPF Technology S.A. (Y-TEC) is an Argentine company controlled by state company YPF S.A., with 51%, and the National Council of Scientific and Technical Research (CONICET), with...