Methanex, Geopark and Winterhall sign agreement to participate in the upcoming gas bidding round in southern Chile
Methanex Corporation announced that it has signed a cooperation agreement with Wintershall and GeoPark Holdings Limited for the joint evaluation and bidding for upstream gas development concessions in the upcoming Bidding Round developed by the Chilean Government. The Bidding Round, which has attracted international attention from various oil and gas firms, includes ten blocks in the Magellan basin in southern Chile in proximity to Methanex's Methanol plant near Punta Arenas and GeoPark's currently producing Fell Block. The blocks are expected to be awarded to the successful bidders by the end of the year, with exploration work expected to commence in early 2008.
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