However, the company's chairman expressed optimism about Argentina.
International Frontier Resources said the well in Tampico-Misantla basin could very well exceed historic production numbers.
BNamericas provides a snapshot of Mario Abdo Benítez's energy roadmap following the win of the ruling party candidate in Sunday's presidential election.
The agreement marks the first time a reservoir-to-wire project in Brazil can be fueled by gas produced by a company that is not the thermo plant's owner.
McDermott and CB&I Announce Global Name and Brands for Future Combined Company