Chilean government owned oil and gas company, ENAP, described as ‘unacceptable’ British Gas announcement to GNL Chile that its will not comply with provision contracts next year.
Chile's state-owned oil and gas company ENAP, Empresa Nacional del Petroleo, recovered the Southern Argentine concession revoked in March by Chubut province, when the dispute over YPF, ENAP said in a statement Friday.
Chilean government oil and gas corporation, ENAP, presented this week the environment impact assessment for a project to drill eight wells for the extraction of hydrocarbons in the extreme south region of Magallanes in the so-called “Sub-block Manantiales”.
The Chilean government reacted with concern at the announcement by Argentina of a bill to expropriate 51% of the oil company YPF from Spain’s Repsol, since this will have a direct impact for Chile, said on Monday evening the Executive Secretary General Andres Chadwick.
Adding fuel to the quarrel between Argentina and Spain for disagreements over Spanish investors administrated YPF, Spanish Industry minister of José Manuel Soria vowed on Tuesday to defend his country’s interests.
Chile’s government owned oil and gas company ENAP presented this week the environmental impact study for an exploratory drilling round in the Province of Tierra del Fuego which includes fifteen wells and will demand an investment of 30 million dollars.
ENAP, Chile’s national oil and gas corporation announced it will invest 30 million dollars in drilling ten exploratory wells in Magallanes province, extreme south Patgonia and where the country’s main hydrocarbons resources are located.
In the coming three years hydrocarbons exploration and exploitation in the extreme south of Chile will receive investment equivalent to over 400 million US dollars making Punta Arenas a hub for the regional oil industry.
Chile's government wants to make state-owned oil and gas company Empresa Nacional del Petroleo SA, (ENAP) economically viable through a management overhaul and streamlining of production.
Chile's state oil firm ENAP is seeking joint ventures with foreign companies to explore for crude and gas at five blocks in the country's extreme south region and has invited over twenty corporations to participate, announced the company.