Argentina’s Rio Negro province to sign four exploration concessions

Dec 28, 2006 01:00 AM

The governor of Argentina's Rio Negro province Miguel Angel Saiz will sign decrees awarding contracts for four Neuquen basin hydrocarbons blocks in January instead of December as previously planned, provincial hydrocarbons department director Tamara Perez Balda told.
“Companies that were pre-awarded the concessions will sign the contracts at the end of January,” Balda added.

The province in November pre-awarded the Laguna El Loro block to US oil company Cliveden; the Laguna de Piedra block to Korean oil firm Golden Oil; the Loma de Kauffman block to Argentine oil firm Interenergy; and the Cinco Saltos block to Argentine oil firm Pluspetrol. Estimated investment in the four blocks is expected to reach $ 80 mm in total over two years.
The blocks are the first of 18 the province ultimately plans to tender.

Source: BNamericas
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