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Argentina Offshore License Round Opens

Source: www.gulfoilandgas.com 11/7/2018, Location: South America

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Argentina’s highly anticipated offshore license round has officially opened with interested parties now invited to register their eligibility and submit bids by the closing date, set for March 14, 2019.

This inaugural round presents a truly exciting opportunity in one of the last unexplored territories on the globe. The acreage on offer has seen very few wells drilled yet the hydrocarbon system has been proven.

Furthermore, the legal framework created in advance of this round is both robust and favorable for explorers; Argentina’s mature onshore plays mean that the country’s energy secretariat knows what is necessary to attract and sustain oil company investment.

This mix of constructive above-ground conditions and under-explored territory make Argentina’s offshore acreage arguably the most attractive available globally over the next 12 months.

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