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Argentine provinces find demand for oil blocks

Argentine provinces find demand for oil blocks

March 16, 2023 | Charles Newbery
Neuquén gets five bidders for one block as Río Negro gets two for two blocks

Argentina Oil Economy & Policy Energy

Neuquén, the biggest oil-producing province in Argentina, is attracting more attention for its massive resources in the Vaca Muerta shale deposit, and this interest is bleeding over into the neighboring province of Río Negro. Both provinces this week received bids in auctions to explore and develop blocks. Five companies bid for a license to explore and develop Cerro Hamaca in Neuquén, a block already in production and with shale potential, the local Energy Ministry said. The offers came in from

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