The Argentine authorities have officially awarded the exploration license of offshore block MLO 124 to a consortium led by Italian energy major ENI. The award is the outcome of the consortium’s successful bid in the International Bid Round Ronda Costa Afuera n. 1 held on 16 April, ENI said.

Block MLO 124 is located offshore in the Malvinas Basin, some 100 kilometers off the coast of Tierra del Fuego, and encompasses an area of 4,418 square kilometres in water depths ranging from less than 100...

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