Pluspetrol closed the acquisition of six blocks in the Neuquén formation, which total assets of more than US$1.6 billion. Now it remains for Rolo Figueroa’s government to approve the transfer.
Pluspetrol acquired the assets of ExxonMobil in Dead Cow valued at more than US$1.6 billionas confirmed to Energy Report sources linked to the sale operation.
As this media learned, Pluspetrol closed the acquisition of six blocks in the Neuquén formation operated by the firm ExxonMobil Exploration Argentinawhich the American shares 70-30 with Qatar Petroleum, of Qatar Energythe world’s leading LNG producer.
The sources consulted limited themselves to reporting that “the terms and conditions” for the sale have been agreed and stressed that the sale is continuing. “working together with the buyer and the government of Neuquén to achieve alignment of the desired results.” This means that the approval of Governor Rolando “Rolo” Figueroa and intervening areas of his government and the provincial State are missing.
In that line, ExxonMobil He clarified that he will not make any type of comment on the “commercial details of the transactions.”
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In October 2023 the oil company ExxonMobil bought unconventional rival Pioneer Natural Resourcesin what meant the company’s largest acquisition of the 21st century and the largest corporate merger of that year in the Northern country.
This mega-operation was agreed in US$59.5 billion and left the company at the head of the main oil field in the United States, in addition to guaranteeing a decade of low-cost production. At that time it was reported that the merged company will be able to add 700,000 barrels per day of oil and gas production over the course of four years after the deal closes.
Source: Ambito
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