Exploration & Production

Argentina seeks to woo companies for offshore riches

Buenos Aires is using Argentina’s first-ever offshore bid round to market the country as investor-friendly territory, according to a senior lawyer Buenos Aires is using Argentina’s first-ever offshore bid round to market the country as investor-friendly territory, according to a senior lawyer.
By Chris Noon 5 June 2018 0 31155
A rig in the Carina field A gas rig off Argentina. (Wintershall)

Argentina’s government is planning to introduce a raft of measures to alleviate operational and political risk for companies participating in the country’s first offshore bid round, a senior lawyer has told Interfax Natural Gas Daily. Some of the measures are likely to specifically favour gas development.  

One such measure is the option of holding back the development of acreage for up to a decade if it is economically infeasible, said José Martínez de Hoz, a partner at Buenos Aires-based law firm Martínez de Hoz & Rueda....