Argentina's YPF outlines plan for sale of rigs
This paper reports that state owned Yacimientos Petroliferos Fiscales (YPF) has unveiled the schedule it plans to follow to privatize oil and gas contract drilling in Argentine. YPF proposes to exit the drilling business by selling state owned drilling rigs, drill pipe, and accessories in a series of auctions beginning next month and lasting through first quarter 1993. YPF intends to open bids Dec. 16 for a completion unit and 30 drilling rigs, several working under contract. Bids will be opened during first quarter 1993 for new and used YPF drill pipe and collars, spare equipment and accessories, and an inventory of fishing tools said to be one of the largest in South America. Winners are to be notified immediately after each auction. YPF plans to hand over by Feb. 1, 1993, the rigs sold in December. Companies buying YPF drilling assets in first quarter 1993, the rigs sold in December. Companies buying YPF drilling assets in first quarter 1993 are to assume ownership by Mar. 24, 1993.
- OSTI ID:
- 6993907
- Journal Information:
- Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 90:46; ISSN OIGJAV; ISSN 0030-1388
- Country of Publication:
- United States
- Language:
- English
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ARGENTINA
CONTRACT MANAGEMENT
DEVELOPING COUNTRIES
DRILL PIPES
DRILLING
DRILLING EQUIPMENT
DRILLING RIGS
EQUIPMENT
LATIN AMERICA
MANAGEMENT
MARKET
NATURAL GAS WELLS
OIL WELLS
PIPES
PLANNING
PROGRAM MANAGEMENT
SOUTH AMERICA
US DOE PROGRAM MANAGEMENT
WELL DRILLING
WELLS