Government Bids | Offshore
Equinor Adds to Argentina Assets in Latest Bid Round; Op & Non-Op
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Equinor adds seven offshore exploration blocks to its portfolio, after presenting winning bids in the 1st Offshore Licensing Round in Argentina.
Equinor submitted the winning bids for five blocks as operator. Equinor also participated in winning bids for one block to be operated by YPF and one block to be operated by Total.
A total of 38 blocks were on offer in the licensing round, the first open bid round for Argentinean offshore acreage in more than 20 years.
Equinor participated in the following winning bids:
|
BLOCK NAME |
SIZE |
PARTNERSHIP |
|
MLO 121 |
4291 km2 |
Equinor (operator, 100%) |
|
MLO 123 |
3787 km2 |
Total (operator, 37.5%), YPF (37,5%) and Equinor (25%)
|
|
CAN 102 |
8965 km2 |
YPF (operator, 50%), Equinor (50%) |
|
CAN 108 |
2882km2 |
Equinor (operator, 100%) |
|
CAN 114 |
7079 km2 |
Equinor (operator, 50%), YPF (50%) |
|
AUS 105 |
2157 km2 |
Equinor (operator, 100%) |
|
AUS 106 |
2283 km2 |
Equinor (operator, 100%) |
Equinor entered Argentina in 2017 and holds a 50% interest in the Bajo del Toro licence (YPF operator, 50%) and is operator with 90 % equity in the Bajo del Toro Este licence (partner Gas y Petróleo del Neuquén, 10%). Equinor also holds a 50 % interest in the Guanizul 2A (G2A) solar asset in Argentina.
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