The content has been shared, if you want to share this content with other users click here.
The governor of Argentine province Río Negro, Alberto Weretilneck, ratified by decree the return of exploration area General Roca to provincial oil company EDHIPSA from Petrolera del Comahue.
The decision is based on the permit's expiration and non-compliance of pledged work to discover non-conventional deposits in the pre-Cuyo formation, the provincial government said in a statement. The area covers 279km2.
The Kangaroo-2 appraisal well drilled in exploration block S-M-1165 confirmed an oil column intersection in the Paleocene and Maastrichtian aged reservoirs, the companies said in separate statements.
"The drilling results have confirmed the presence of an oil column of approximately 290 meters and carbonate reservoirs that show high porosity and permeability," the energy giant said in a release.
Guyana's Ministry of Natural Resources and the Environment met with a mission from the US Department of State's Bureau of Energy Resources as part of efforts to help the South American nation develop its oil and natural gas sector technical capacity.
Cooperation under the Department of State-led Energy Governance and Capacity Initiative includes deepwater drilling and well test evaluation, Guyana's government information agency GINA reported.
Pictured upper left: Río Negro governor Alberto Weretilneck signs decree.