Chile awards E&P rights for Magallanes blocks

Chile has awarded oil and gas exploration and production rights to foreign companies that will invest at least $267 million each in the southern Magellan region.“It’s historic,” said Mining Minister Karen Poniachik. “The round is going to contribute to the diversification of our country’s energy supply and millions of dollars are going to be spent in the area.”Poniachik said contracts will be signed with Total SA, Apache Canada Ltd., Pan-American Energy LLC, Greymouth Petroleum Holding Ltd., and IPR-Manas.IPR-Manas was awarded E&P rights for Tranquilo block and plans to invest $33.3 million in the three phases of exploration. IPR, of Dallas, will op...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected