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Statoil: wins exploration licence onshore Argentina.

(CercleFinance.com) - Statoil has been awarded a license for oil exploration in North Argentina as part of a bidding round, the Norwegian company said on Thursday.

Statoil will operate the Bajo del Toro Este license with a 90% working interest, with Gas y Petróleo del Neuquén (GyP) retaining a 10% interest.

Statoil and Argentina's energy company YPF entered a preliminary agreement to jointly explore the Bajo del Toro region in August 2017.

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