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Argentina to hold offshore oil and gas auctions in 2018

Argentina plans to auction offshore oil and gas exploration rights in 2018, its energy minister said on Thursday.
By Staff reporter 6 October 2017 Americas / Exploration & Production 0 27873

Argentina plans to auction offshore oil and gas exploration rights in 2018, its energy minister said on Thursday.

“There is a high probability that the subsalt basin that exists on the coast of Brazil continues south and so we see the discovery of any formation of oil and conventional gas in the area as very attractive. It could be very profitable for the country,” Juan José Aranguren was quoted as saying by Reuters