Bloomberg News

Enarsa Denies Bidding Process to Sell Oil Licenses Near Falkland

July 30, 2012

Energia Argentina SA, the state- owned company known as Enarsa, didn’t initiate a bidding process to offer licenses to explore for oil near the Falkland Islands, the Planning Ministry said.

Enarsa is working on a strategic partnership with YPF SA (YPF:US) to obtain cost savings regarding offshore exploration in the continental platform, according to an e-mailed statement today signed by Horacio Mizrahi, a spokesman for the Planning Ministry.

To contact the reporter on this story: Pablo Gonzalez in Buenos Aires at

To contact the editor responsible for this story: James Attwood at

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Companies Mentioned

  • YPF
    (YPF SA)
    • $35.05 USD
    • 2.48
    • 7.06%
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