The tender is for the purchase of natural gas to complement storage volumes and guarantee supply to distributors.
The national biofuel policy is seen as key driver of this growth.
President Energy acquired Chevron's 100% working interest in Argentina's oil-producing Puesto Flores and Estancia Vieja areas in September last year.
The UK-based oil companies have provided operations updates.
The P-74 FPSO is scheduled to come online this year in the Búzios 1 pre-salt oil field.