December 21st – Off shore exploration and production at North Argentine Basin

December 21st 2022

Off shore exploration and production at North Argentine Basin

National Holidays: Today, Tuesday December 20th, Sunday, December 25th, Christmas Day and Sunday, January 01st, 2023


Strike at TPR Rosario continues:

The strike at TPR Rosario continues, but the “sympathy” strike by stevedores at the other ports south of Rosario has been lifted.

Grains and Markets:

As the second “bonus” exchange rate period for soya beans draws to a close the volume traded is reported to be slightly over 4,000,000 tons.

Thailand is in the market for a Supramax of soyabeans on March dates, Ecuador remains looking for a Handymax of soyameal on February dates and South Africa for same volume but for March shipment.

Turkey is reported to be buying 24,000 tons of sunflower oil January or February dates.

Off shore exploration and production at North Argentine Basin:

Now that the principal legal objections placed by environmentalist organizations have been laid aside YPF, Equinor and Shell will be advancing in the prospecting stage for the CAN 102 sector. The potential for yields from this and other adjacent areas is considered to be equal to Vaca Muerta. The estimated daily production is forecast at 200,000 bbls per day. The base for the prospecting is to the port of Mar del Plata.


Infrastructure in the area is yet to be established, but the main shipping of production will take place from the off shore areas.


Bunker deliveries at Zona Comun:


As always, the STS operation is up to the discretion of the Master’s of the vessels involved.


Groundings on the River Parana 2022:



Will keep you posted.

Best regards,

Antares Servicios Maritimos S.A.

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