Laredo Oil Meets with Governor of Santa Cruz Province, Argentina, to Advance UGD Program for Mature Oil Fields
Laredo Oil's CEO Mark See met for a second time with Santa Cruz Governor Claudio Vidal and Energy Minister Jaime Álvarez to present the company's UGD technology for recovering oil from the province's mature fields. No agreement was signed; the parties agreed to maintain an ongoing dialogue, with Laredo's existing non-binding LOI targeting a Santa Cruz development area still subject to provincial-level approvals.
Key figures
- Argentina crude production yoy
- 19%
- Argentina record crude production bpd
- 887227
- Conventional basins share of national output
- 30%
AI analysis
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