Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Petrobras to Invest $740 Million in Neuquen Province, Telam Says

April 21 (Bloomberg) -- Petrobras Argentina SA will invest $740 million over four years in Neuquen province, the state-run news service Telam said, citing comments by Governor Jorge Sapag to reporters today.

The fields Petrobras plans to invest in don’t include the Veta Escondida concession, which was revoked by the provincial government earlier this year, Telam said.

Sapag said the government-run company Gas y Petroleo del Neuquen is willing to work with foreign partners, including Petrobras and Tecpetrol SA, to develop other fields and the more than 1,000 wells that are idled or abandoned in the province, Telam said.

To contact the reporter on this story: Bill Faries in Buenos Aires at wfaries@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.