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Exploration/Development Briefs

04/25/2011
ArgentinaGran Tierra Energy Inc., Calgary, said Apache Corp. has taken a farmout to earn a 50% interest in Gran Tierra's Santa Victoria block covering 516,815 acres in the Noroeste basin of northwestern Argentina. Both companies agreed to proceed into the second exploration phase, which has a work commitment that will be fulfilled with an exploratory well.Gran Tierra Energy, as operator, is interested in testing the gas potential of Permo-Carboniferous reservoirs, a proven play in nearby wells.GreenlandGreenland's Bureau of Minerals and Petroleum will license 50,000 sq km off Northeast Greenland in 2012-13.The area to be licensed is divided in 39 blocks from 75° 30 min to 79° 30 m...
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