LatinNews Regional Monitor: Brazil & Southern Cone - 23 October 2019

* Argentina’s government has granted QP Oil and Gas Sociedad Anónima Unipersonal, subsidiaries of the Qatar state-owned company Qatar Petroleum and US oil and gas company Exxon Mobil respectively, an eight-year permit to explore 5,800km² located in the Malvinas Basin off the coast of southern Patagonia for the purpose of “performing hydrocarbon search tasks”.  Both companies will have “the right to obtain an exploitation concession of the hydrocarbons discovered inside the perimeter”. Signed by energy secretary Gustavo Lopetegui, the permits allow for a five-year extension if both companies have “fulfilled their investments and remaining obligations”.

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