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Area Drilling

05/19/2008
ArgentinaThe Mendoza government formally authorized Oromin Explorations Ltd., Vancouver, BC, to exploit oil and gas on the 7,694 sq km Santa Rosa Block in Argentina’s Cuyana basin.The 300 sq km of greatest exploration interest on the block covers a large, untested dome less than 1,200 m deep that is defined by four regional seismic lines.Otto Energy Ltd., Perth, has a letter of intent with Oromin that enables it to earn up to a 41.24% working interest by spending up to $2,297,381.The basin has produced more than 940 million bbl of oil.BrazilPetroleo Brasileiro SA (Petrobras) and partners are evaluating the possibility of using a different rig to complete drilling an exploration well...
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