In November 2017, local reports indicated that the government of La Pampa Province has officially awarded two 25 year concessions for its producing blocks, namely the Jaguel de los Machos and 25 de Mayo-Medanito SE blocks, to Petroquimica Comodoro Rivadavia (PCR). The two adjacent blocks are situated in the Northeast Platform of Neuquen Basin, with the Jaguel de los Machos covering 319.92 sq km and the 25 de Mayo-Medanito SE covering 307.85 sq km of onshore lands. According to reports, PCR paid a total of USD 31 million bonus to the provincial government for both concessions, or specifically USD 11 million for Jaguel de los Machos and USD 20 million for 25 de Mayo-Medanito SE. The company holds 80% operatorship in both areas, while provincial company Pampetrol holds the remaining 20%. Planned long-term investment for the blocks was said to be approximately USD three billion during the 25 years of the concessionsâ validity. PCR originally only applied for the Jaguel de los Machos block, which the company was already operating since late-2015 under a service contract for provincial company Pampetrol, and received a preliminary award for the concession in early-October 2017. Preliminary award for the 25 de Mayo-Medanito SE block was initially given to a consortium formed by Oilstone and energy infrastructure company Ribeiro SRL which reportedly submitted offers for both areas. However, it was said that the latter award was rescinded when the consortium failed to deposit the bonus that was previously agreed on during the bidding process.
Argentina (Neuquen B.) (It's a petroleum rights. Please summarize by yourself). In IHS database: Jaguel de los Machos op. by PETROQUIM (100.0%) to be check.