Ref. DEA 18 Sep â18, more details are filtering out on Argentinaâs planned offshore bid round, set for launch in October, bid opening Feb â19.   - interested companies must register in a list for group classification: A = eligible for all blocks, B = deep & shallow water blocks, C = shallow-water blocks. Companies in The Energy Intelligenceâs top 100 list are believed to be automatically qualifiable. Â Operators must hold min. 30%, non-operators min. 5%. Registrations close in January.  - explo period 13 years (4+4+5), 50% relinquishment after 2nd explo phase, 30 years prod with multi 10-yr extns. Shallow water blocks explo phase 11 years (4+4+3). Royalties 5-12% depending on performance.   It is recalled 38 blocks totalling 225,000 sq km will be on offer in shallow-to-ultra-deepwaters: 14 in the N. part of the Argentina Basin (6,000-9,000 sq km apiece), 18 over 90,000 sq km (3,600-6,300 sq km apiece) in the W. part of the Malvinas Basin, 7 ultra-deepwater (3,000-9,000 sq km apiece) and 6 shallow-water in the Austral Basin (2,000-2,700 sq km apiece). 12 companies have shown interest so far, of which Anadarko, CNOOC, Equinor + Petronas. Contact: Rodrigo Garcia Berro at RGarciaBerro@minem.gob.ar or +54-911-6648-9244.
More details are filtering out on Argentinaâs planned offshore bid round, set for launch in October, bid opening Feb â19. - interested companies must register in a list for group classification: A = eligible for all blocks, B = deep & shallow water blocks, C = shallow-water blocks. Companies in The Energy Intelligenceâs top 100 list are believed to be automatically qualifiable.  Operators must hold min. 30%, non-operators min. 5%. Registrations close in January. - explo period 13 years (4+4+5), 50% relinquishment after 2nd explo phase, 30 years prod with multi 10-yr extns. Shallow water blocks explo phase 11 years (4+4+3). Royalties 5-12% depending on performance. It is recalled 38 blocks totalling 225,000 sq km will be on offer in shallow-to-ultra-deepwaters: 14 in the N. part of the Argentina Basin (6,000-9,000 sq km apiece), 18 over 90,000 sq km (3,600-6,300 sq km apiece) in the W. part of the Malvinas Basin, 7 ultra-deepwater (3,000-9,000 sq km apiece) and 6 shallow-water in the Austral Basin (2,000-2,700 sq km apiece). 12 companies have shown interest so far, of which Anadarko, CNOOC, Equinor + Petronas.