Equinor’s first offshore well in Argentina didn’t show any evident indications of oil or natural gas, a source at the Norwegian company said June 27, after expectations swelled in the local oil industry that the project could yield initial production of 200,000 b/d. “Although we have been able to confirm the geological model, no clear...

Development drilling has started at the Fénix Field, 60 km offshore Tierra del Fuego, southern Argentina. The jackup Noble Regina Allen is stationed alongside the new Fénix production platform, which was installed in February. Operator Total Austral has commissioned three development wells to be drilled and completed over the next months. Once online, the production...