Eni group awarded block off Argentina

Eni SPA has joined the list of international oil and gas companies awarded licenses in Argentina’s recent bid round (OGJ Online, Apr. 17, 2019).

The company leads a group that will shoot a 3D geophysical survey across Block MLO 124 and conduct other geophysical surveys.

The 4,418-sq-km block is in the Cuenca Marina Malvinas basin about 100 km off Tierra del Fuego. Water depths are 100-650 m.

Eni holds an 80% working interest. Tecpetrol SA and Mitsui & Co. Ltd. hold 10% interests each.