GeoPark has announced its intention to acquire a non-operated stake in unconventional blocks within Neuquen Basin, Argentina. The Latin American oil and gas producer has submitted a binding offer, which has been accepted by the undisclosed seller. The two parties are now working exclusively towards finalizing definitive agreements.The acquisition price is set at approximately $200m, with an additional carry of $110–120m over two years for specific exploration activities.
April 12, 2024
SOURCE: OFF SHORES TECHNOLOGY
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