Repsol
YPF will partner Enarsa,
Petrobras and Ancap to form joint ventures for exploration in
Southern cone
Petroleumworld
CARACAS
Petroleumworld.com 01 13 06
Repsol YPF and Argentina's Enarsa signed two agreements to explore
for hydrocarbons in offshore Argentina, Repsol YPF said in a statement.
The first agreement is for 10 years and relates to Enarsa an Repsol
YPF to investigate alternatives for partnering in the exploration
and development of hydrocarbons in Argentina's Continental Shelf,
from the border with Uruguay to the Falkland Islands, the San
Jorge Gulf and the Austral basin. the statement said.
The
second agreement, is for Repsol YPF and Enarsa with an investment
of US$40mn-100mn in partnership with Brazil's Petrobras and Uruguay's
Ancap will form a consortium to explore for hydrocarbons in three
blocks in the Colorado Marina basin, the statement said.
Repsol
YPF will act as operator with a 35% share. Enarsa will also have
35%, Petrobras will have 25%, and Ancap's Argentine subsidiary
Petrouruguay will have 5%.
Repsol YPF invested US$68mn in Argentine offshore
exploration from 1999-2005 and plans to invest US$207mn from 2006-2009,
the statement said.
Petroleumworld
01 12 06
Copyright
© 2006 Petroleumworld. All rights reserved
