Subscription accessFormosa Province International Hydrocarbons Exploration Round and ENARSA First Round 2008
In June 2008 the Formosa Province issued a decree starting an International Hydrocarbons Exploration Round offering three areas: Comandante Fontana, Pirané and Yacimiento Norte 3 Fracción B. The bidding rules were set on 23 June 2008 and the deadline for submitted offers will be on 8 September 2008.
Map: Showing blocks offered in
On 9 June 2008 Argentina’s state company ENARSA announced the first of six offshore rounds to be held bi-annually through 2010. This round will include nine offshore blocks totalling 113,200 square kilometres in the Salado, Colorado and Golfo de San Jorge basins off the coast of southern Argentina's Chubut province. The dates announced are: sale of data packages on 10 July 2008; deadline to submit on 4 November 2008; Envelope A on 4 November 2008 and Envelope B on 1 December 2008.
Map: Showing offshore blocks offered in ENARSA First Round 2008 (red shading). Source: PetroView
ENARSA will require a minimum 51% interest in each of the blocks.
If commerciality is declared,
25-year exploitation contracts will be signed.
ENARSA is not responsible for
exploration costs if hydrocarbons are not found.
The company, however, will
provide up to 50% of any eventual net revenues from the areas to pay
back its share of exploration costs if reserves are discovered.
The company is developing a 2-D seismic acquisition programme that could
include some of the area offered. This
seismic information will be available for interested companies after it
has been processed and interpreted. This
acquisition programme is not include in the data packages and will need
to be purchased by other processes.
The following table shows details of the offered blocks:
|
Area |
Contents |
Comments / References |
|
E-4 |
Seismic |
7.500 km seismic 2-D |
|
|
|
300 km seismic 2-D Span |
|
|
Wells |
2 |
|
E-5 |
Seismic |
6.500 km seismic 2-D |
|
|
|
140 km seismic 2-D Span |
|
|
Wells |
1 |
|
E-6 |
Seismic |
900 km seismic 2-D |
|
|
|
340 km seismic 2-D Span |
|
E-7 |
Seismic |
550 km seismic 2-D |
|
|
|
230 km seismic 2-D Span |
|
E-8 |
Seismic |
270 km seismic 2-D |
|
|
|
100 km seismic 2-D Span |
|
E-9 |
Seismic |
500 km seismic 2-D |
|
|
|
90 km seismic 2-D Span |
|
E-10 |
Seismic |
400 km seismic 2-D |
|
|
|
160 km seismic 2-D Span |
|
E-11 |
Seismic |
320 km seismic 2-D |
|
|
|
110 km seismic 2-D Span |
|
E-12 |
Seismic |
230 km seismic 2-D |
|
|
|
150 km seismic 2-D Span |
Table:
Information about ENARSA offered blocks