Eni awarded a high potential exploration block in Argentina’s offshore

The award of block MLO 124 is the outcome of the consortium’s successful bid in the International Bid Round “Ronda Costa Afuera n. 1” held on 16 April 2019.

San Donato Milanese (Milan), 20 May 2019 – The Argentinian authorities officially awarded the exploration license of offshore block MLO 124 to an Eni-led consortium. The award is the outcome of the consortium’s successful bid in the International Bid Round “Ronda Costa Afuera n. 1” held on 16 April 2019.

Block MLO 124 is located offshore in the Cuenca Marina Malvinas (the Malvinas Basin), some 100 kilometers off the coast of Tierra del Fuego, and encompasses an area of 4,418 square kilometers in water depths ranging from less than 100 to 650 meters.

Eni holds 80% working interest and is the Operator of a consortium, which also includes Tecpetrol S.A. and Mitsui & Co. Ltd., with 10% each.

The activity to be completed during the four years of the First Phase of the Exploration Period mainly consists in a 3D geophysical survey covering the entire block and other geophysical potential field surveys.

Eni has been present in Argentina since 1991 with its subsidiary Eni Argentina Exploración y Explotación S.A., which owns a 30% working interest in the offshore concession “Tauro-Sirius”, located in Tierra del Fuego’s shallow water.

How does EnergIA work?

EnergIA (ener'dʒia) is a system based on Generative Artificial Intelligence. Thanks to this technology, we can respond to your requests by querying the most relevant content and documents available on eni.com. (Note: financial documents from the last 12 months and press releases from the last 2 years are considered.) Through EnergIA, you can delve into topics of interest and have a real-time window into the world of Eni.
If you wish to search for a specific document, press release or news, use the traditional search engine via the magnifying glass icon.

Like all systems that leverage Generative Artificial Intelligence, EnergIA may generate inaccurate or outdated responses. Always consult the sources that EnergIA proposes as the origin of the generated information.
If the system fails to find an exact match for the requested content, it still tends to provide a response.
If you find any inaccuracies in the provided response, please send us your feedback at the bottom of the page: it will be very helpful for us to improve.

Remember that the content generated by the system does not represent Eni’s official position. We therefore invite stakeholders to refer to their designated contacts for official statements: Press Office for journalists, Investor Relations for analysts and investors, Company Secretariat for shareholders etc..

EnergIA can understand questions posed in almost all languages, but we prefer to provide you with a response in English or Italian, the two languages available on eni.com. If you ask a question in Italian, the content on the site in Italian will be consulted. If you ask it in English or any other language, the content in English will be consulted. (Note: the language Eni uses for financial documents/content is predominantly English.)

If questions are formulated that violate the set security criteria, the system will not proceed with processing the response. Please remember not to send personal data.

By using this service, the users acknowledge that they have read and accepted the terms and conditions of use.

Eni awarded a high potential exploration block in Argentina’s offshore

The award of block MLO 124 is the outcome of the consortium’s successful bid in the International Bid Round “Ronda Costa Afuera n. 1” held on 16 April 2019.

Media Relations

Investor Relations