Axar.az
UP
19 June 2019


This country is preparing to become an oil giant

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Argentina awarded permits for hydrocarbon exploration in 18 areas off its southern coast to companies including Exxon Mobil Corp, Total SA , YPF SA and Royal Dutch Shell Plc, the government said on Friday.

Axar.az reports citing Reuters.

The winning companies offered bids totaling $724 million, the government said in official statements and won the rights to explore for up to 13 years in areas of the South Atlantic, some near the Malvinas Islands under the control of the British government but whose sovereignty is claimed by Argentina.

The other companies that will make up exploration consortia in Argentina’s Malvinas West basin include BP, Qatar Petroleum, Tullow Oil, Pluspetrol , Wintershall, Equinor, Eni , Mitsui &Co Ltd and Tecpetrol SA.

Date
2019.05.18 / 17:29
Author
Axar.az
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