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Final Vaca Muerta terms agreed

机译:最终死牛术争

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摘要

Argentina’s state-controlled YPF and three other companies have signed a $1.15bn agreement with the southwest province of Neuquen to produce unconventional natural gas from the vast Vaca Muerta shale formation. YPF, Total, BP-controlled Pan American Energy (PAE) and Germany’s Wintershall will divide the Aguada Pichana block in Vaca Muerta into two separate licences under the deal — Aguada Pichana Este and Aguada Pichana Oeste. Total will operate the 761km~2 Aguada Pichana Este block with a 41pc stake, while YPF and Wintershall will each own 22.5pc and PAE 14pc. PAE will operate the 605km~2 Aguada Pichana Oeste block with a 45pc stake, while YPF will own 30pc and Total the balance.
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