GeoPark has signed an agreement with Phoenix Global Resources to acquire working interests in four blocks in the Neuquén Province. The independent oil and gas company will pay $190m for 122,315 gross acres, with additional commitments including exploratory funding and midstream capacity investments.These blocks are situated in the oil window of the Vaca Muerta formation, known for its shale oil and gas resources.
May 14, 2024
SOURCE: OFFSHORE TECHNOLOGY
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https://www.offshore-technology.com/news/geopark-argentina-oil-block-acquisition