Tuesday, August 29, 2006

 

High Interest in Rio Negro Oil Exploration Bid

The government of Argentine province Rio Negro announced that it has sold bid document packages to ten companies since the bid was called in July. Sale of the documents has brought in $700,000 pesos ($229,500 US) for the province.

Companies who have purchased the package are Repsol YPF, Chevron San Jorge, Petrolífera Petroleum, Petrobras, Vintage Oil Argentina, Oil M&S SA, Interenergy, Pluspetrol, Golden Oil Corp, and Estrella Servicios Petroleros.

Permits will be auctioned for exploration in the Laguna El Loro, Cinco Saltos, Loma de Kauffman, Meseta Baya and Laguna de Piedra areas of the Neuquen basin.

Bids will be opened Sept. 26 and the winners announced shortly thereafter.

(Source: Rio Negro On Line)

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