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...

Equinor in April will begin drilling the Argerich-1 exploration well in the CAN 100 block in the North Argentinian basin, offshore Argentina. The well will be drilled 315 km from the port of Mar del Plata by the Valaris DS-17 drillship in 1,527 m water depth. It will be the first to be drilled in...