Equinor, YPF partner with Shell offshore Argentina
Jan. 14, 2021
Equinor and YPF have entered into an agreement with Shell to jointly farm-down 30% non-operated interests in the CAN 100 block in the North Argentinian basin, offshore Argentina.
Equinor and YPF have entered into an agreement with Shell to jointly farm-down 30% non-operated interests in the CAN 100 block in the North Argentinian basin, offshore Argentina.
In October 2019, Equinor farmed in to the YPF CAN 100 block and agreed to take over the operatorship (OGJ Online, Aug. 21, 2019). Equinor and YPF currently both hold 50% equity in the license, and will after the transaction hold 35% each, with Shell holding the remaining 30% in the block.
The CAN 100 block comprises an area of 15,000 sq km and is the largest block in the North Argentinian basin.
