Interoil seeks to expand Argentina footprint
Citing improved political conditions, full access to capital markets and "huge conventional and unconventional potential," Interoil said it will seek an expanded presence in Argentina.
The Norway-based independent driller, which has historically focused on Colombia, said in a presentation that it will seek to develop low-risk, high-reward assets in Argentina.
The decision by Norwegian NOC Statoil to enter Argentina's unconventional E&P market also factored into the decision, Interoil said.
Interoil also cited "access to underdeveloped exploitation fields" and "available capacity in open access gas and oil pipelines" as beneficial to operating in the South American country.
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News in: Oil & Gas (Argentina)
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