Wintershall Wins Argentina Offshore Bid

Laxman Pai
Thursday, April 18, 2019

Germany's largest crude oil and natural gas producer Wintershall won the bidding process for two blocks in the promising Malvinas Basin off the coast of Tierra del Fuego as part of the “Costa Afuera” licensing round.

In addition to the CMA-1 exploitation concession, with this award, the company will participate in further offshore exploration projects in Argentina. The exploration licenses are located approximately 300 km off the southeast coast of Argentina.

Wintershall will hold a 27 percent interest in the licenses MLO-114 and MLO-119. The British-Irish company Tullow is the operator, while the Argentine company Pluspetrol is another partner. The official license award by the authorities is expected in May.

"Argentina has promising resources, both offshore and onshore. We're convinced that we can make excellent use of our many years of experience in the country for future exploration activities," says Thilo Wieland, Wintershall's Executive Board member responsible for South America, Russia and North Africa.

License MLO-114 and MLO-119 are located about 300 kilometers off the coast of Tierra del Fuego at depths of up to 500 meters. "Numerous discoveries have been made around the southern Atlantic in various countries in recent years. The awarded blocks represent a great opportunity for the company to continue our consolidation as an important player in the region," Thilo Wieland continues.

The two 6,000 and 4,500 km² blocks will be covered with modern 3D seismic surveys during the initial exploration period.

Wintershall has been an integral part of the Argentine energy industry for over 40 years and is the country's fourth-largest gas producer.

Categories: Drilling Exploration Contract

Related Stories

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

Woodside Agrees Long-Term LNG Supply with Petronas Unit

MODEC and Terra Drone Renew FPSO Drone Inspection Partnership

Yinson Production Closes $1B Investment to Drive Further Growth

Valeura Concludes Eight-Well Drilling Campaign in Gulf of Thailand

Velesto’s Jack-Up Rig Set for Drilling Job off Indonesia

CNOOC Puts Into Production New Oil Field in South China Sea

Current News

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

Woodside Agrees Long-Term LNG Supply with Petronas Unit

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com