Tierra del Fuego, the southernmost province of Argentina, launched an exploration licensing round Tuesday for two onshore blocks and announced plans for an offshore tender later this year, as it seeks to tap growing interest in the country’s oil and natural gas production potential. The onshore blocks, CA12 I and CA12 II, are in the center of the archipelago and adjacent to several productive blocks. Bids are due in April and will be opened in May so the licenses can be awarded in June, according to tender’s schedule. Tierra del Fuego called the tender after companies expressed interest in exploring the blocks. State-run YPF, the country’s biggest oil and gas producer, wants to look at the production potential on CA12 I, which measures 2,098 sq. km block (518,000 acres) and is near its Lago Fuego and TDF Fraction E blocks. For the other block, measuring 1,985 sq. km, Great […]