The announcement came after officials from sector regulator ANH met with industry representatives to discuss an "industry reactivation plan".
The company, which is focusing on brown-field production areas, is negotiating potential financing deals with local and foreign investors, CEO MaxTorres told BNamericas.
The CNPE will now have four additional representatives.
The firm's assets include the Amaralina Star, Laguna Star and Brava Star drilling rigs.
Update from Rio Negro Province, Argentina