Equinor and YPF have today entered into an agreement with Shell to jointly farm-down 30% non-operated interests in the CAN 100 block, located 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. 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 km2 and is the largest block in the North Argentinian Basin.
Carbon Dioxide (CO2) Enhanced Oil Recovery (EOR) Market Report 2021-2031: Forecasts by Type (Miscible EOR, Immiscible EOR), by CO2 Source (Natural CO2 Deposits, Carbon Capture, & Storage, Industrial CO2, Other), by Equipment (Drilling Equipment, Production Well, Injection Well Equipment, Lease Equipment, Other) AND Regional and Leading National Market Analysis PLUS Analysis of Leading CO2 EOR Companies AND COVID-19 Recovery ScenariosDownload free sample pages
The agreement is pending governmental approval.
Date: Jan 14, 2021
Share this news: