US EditionGeoPark Picks up Assets in Argentina - LatinFinance
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The Colombian oil company GeoPark has signed an agreement to acquire 100% of the participation of the Argentine Pluspetrol in the blocks of Loma Jarillosa East and Post Silva Oeste in the great formation of unconventional hydrocarbons of Vaca Muerta, in the southwest of Argentina, the company reported. GeoPark, whose shares are quoted on the New York Stock Exchange, said that simultaneously it signed two "acts agreement" with the Government of t…
This Thursday the signing of the agreement instrument that implements the cession of the concessions of exploitation between the company Pluspetrol and the GeoPark Company to acquire the 100% participation operated in the blocks Loma Jarillosa East and Post Silva Oeste, oriented to black oil in the formation Vaca Muerta. As part of the agreement, a Transitional Union for the exploitation of the area Post Silva Oeste between the company Gas y Pet…
These are blocks Loma Jarillosa East and Post Silva Oeste, in which the Province of Neuqun approved the cesi n by the company Pluspetrol. GyP and the Colombian company will form a Transitional Union for the development and exploitation of the Rea Post Silva Oeste.
GeoPark to become operator of two blocks in Argentina - Drilling Contractor
GeoPark entered into an agreement with Pluspetrol to acquire a 100% operated working interest (WI) in the Loma Jarillosa Este and Puesto Silva Oeste blocks that target black oil in Neuquen Province, Argentina. The transaction is expected to close before year-end 2025, following the issuance of the Neuquen Province Decree ratifying the Deeds of Agreement. … The post GeoPark to become operator of two blocks in Argentina appeared first on Drilling …
With the purchase of two areas in Neuquén from Pluspetrol, the Colombian oil company GeoPark, finally, will realize its desire to be in Vaca Muerta. It acquired 100% of the share operated in the blocks Loma Jarillosa East and Post Silva Oeste, whose objective is the extraction of black oil in the formation. It will pay a total price of US$ 115 million for the transaction and will invest between US$ 500 million and US$ 600 million for its develop…
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