Argentina’s state-run YPF will invest $500 million together with Pan American Energy (PAE), Total’s Argentine subsidiary Austral, and Wintershall Energía in the Vaca Muerta formation, according to a securities filing.
The companies are also seeking permission from Argentine regulators to split the Aguada Pichana block into two.
Total will operate the eastern portion of Aguada Pichana – which is the third-largest gas production block in Argentina – while PAE would operate the western area.
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