Laredo Oil signs LOI with Argentine operator for potential UGD deployment
Bitget2026/09/22 13:14- Laredo Oil signed a non-binding LOI with an Argentine oil operator for potential commercial deployment of its UGD technology.
- Parties will run technical and economic evaluation, including front-end engineering and design, across selected Argentine oil fields.
- Project would be financed by Laredo through a dedicated Argentine operating entity, subject to financing, approvals, due diligence, definitive agreements.
- Proposed structure targets recovery of Laredo’s investment from incremental production; definitive deal contemplated as a production sharing agreement.
- LOI includes a 180-day exclusivity period for the partner; otherwise non-binding until definitive agreements are signed.
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