Argentine drilling equipment to go on auction block
Yacimientos Petroliferos Fiscales (YPF) is preparing to sell all state owned drilling rigs and related assets as part of a plan to privatize Argnetina's oil and gas industry. YPF expects to offer the equipment to private companies by summer in a sealed bid auction in Buenos Aires. More than 30 mostly late model U.S. and Romanian rigs rated to 1,800-7,000 m will be included in the sale. Drilling contracts covering all major Argentina exploration areas will be offered with many of the rigs being sold. This paper reports that the YPF sale will include well completion units, drill pipe and collars, large equipment yards, shops, and warehouses, and possibly the largest inventory of fishing tools in South America, says a company helping to organize the sale. YPF will set up a data room in Buenos Aires to provide information about drilling, conditions, rigs and equipment, and other assets.
- OSTI ID:
- 5421733
- Journal Information:
- Oil and Gas Journal; (United States), Vol. 90:17; ISSN 0030-1388
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
POLICY AND ECONOMY
47 OTHER INSTRUMENTATION
ARGENTINA
NATURAL GAS INDUSTRY
PETROLEUM INDUSTRY
PLANNING
DRILLING EQUIPMENT
SALES
DRILL PIPES
DRILLING RIGS
GOVERNMENT POLICIES
PRIVACY ACT
WELL COMPLETION
DEVELOPING COUNTRIES
EQUIPMENT
INDUSTRY
LATIN AMERICA
LAWS
PIPES
SOUTH AMERICA
294002* - Energy Planning & Policy- Petroleum
294003 - Energy Planning & Policy- Natural Gas
440400 - Well Logging Instrumentation