March 7th – Prospecting in the South Atlantic for oil and gas

March 7th 2024

Prospecting in the South Atlantic for oil and gas

National Holidays:

-Sunday, March 24th

-Thursday March 28th and Friday March 29th, Easter


Grains and Markets:

Iran (SLAL) is tendering as per detail, March-April dates:

180,000 tons of maize

120,000 tons of feed barley

120,000 tons of soya bean meal (only from Argentina or Brazil)

India is expected to buy 4,300,000 tons of soya bean oil during the current year, this is a 25 per cent increase from last year.

Tunisians are in the market for a Supramax of soya beans May dates.

Nigerians are still in the market for a full Supramax of wheat June.

Prospecting in the South Atlantic for oil and gas:

Further to our previous reports.

Prospecting at the CAN 102 area, off shore South Atlantic, is due to commence soon.

The survey vessel mv PXGEO 2 is due to commence surveys in the next few days.

She will be supported by the mv ATLANTIC DAMA and the mv SUNRISE G.

This survey is done in addition to the CAN 100 area where the VALARIS DS 17 is due to commence exploratory drilling during next April.

These areas have been awarded to a joint YPF-Sheel-Equinor consortium.

There is a lot of expectation to find substantial oil and gas reserves, some say as much as Vaca Muerta in NW Patagonia.



As always, the STS operation is up to the discretion of the Masters of the vessels involved.

Will keep you posted.

Best regards,

Antares Servicios Maritimos S.A.

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