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Equinor Adds to Argentina Assets in Latest Bid Round; Op & Non-Op

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   |    Thursday,April 18,2019

Equinor adds seven offshore exploration blocks to its portfolio, after presenting winning bids in the 1st Offshore Licensing Round in Argentina.

Equinor submitted the winning bids for five blocks as operator. Equinor also participated in winning bids for one block to be operated by YPF and one block to be operated by Total.

A total of 38 blocks were on offer in the licensing round, the first open bid round for Argentinean offshore acreage in more than 20 years.

Equinor participated in the following winning bids:

BLOCK NAME 

SIZE

PARTNERSHIP

MLO 121

4291 km2

Equinor (operator,  100%)

MLO 123

3787 km2

Total (operator, 37.5%), YPF (37,5%) and Equinor (25%)

 

CAN 102

8965 km2

YPF (operator, 50%), Equinor (50%)

CAN 108

2882km2

Equinor (operator, 100%)

CAN 114

7079 km2

Equinor (operator, 50%), YPF (50%)

AUS 105

2157 km2

Equinor (operator, 100%)

AUS 106

2283 km2 

Equinor (operator, 100%)


Equinor entered Argentina in 2017 and holds a 50% interest in the Bajo del Toro licence (YPF operator, 50%) and is operator with 90 % equity in the Bajo del Toro Este licence (partner Gas y Petróleo del Neuquén, 10%). Equinor also holds a 50 % interest in the Guanizul 2A (G2A) solar asset in Argentina.


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