Santa Cruz may revoke YPFlicenses for three blocks

摘要

Buenos Aires—Santa Cruz, a southern provinceof Argentina, is considering taking back fromYPF oil exploration and production licenses forthree blocks that account for 11% of the com-pany’s crude production in the country.Governor Daniel Peralta said the loss ofthe licenses “appears irreversible today,”according to a statement released late April 4by his administration.Provincial authorities in Argentina haveextensive powers in the awarding and cancel-lation of energy E&P licenses.