Chile has received 14 offers from seven different companies and consortiums contending for oil and natural gas contracts in the remote southern region of Patagonia, the mining ministry said.
A statement released by the ministry stated that Total, Apache Canada, US-based Pan-American Energy, a consortium of Wintershall-Geopark-Methanex, Roch, Greymouth Petroleum in New Zealand and IPR-Manas were among the contenders. The companies bid on nine of the 10 blocks on offer in
Six of the blocks are onshore, three are offshore, and one straddles both. Three blocks require the bidder to enter a joint venture with Chilean state oil company Enap but in the remaining six blocks companies will have full exploration and production rights. The contracts have a maximum duration of 35 years with the exploration stage lasting between seven and 10 years. The ministry said the results of the tender would be announced on 15 November 2007.
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