(Energy Analytics Institute, Aaron Simonsky, 31.Jan.2020) — The presidents of YPF, and European companies Equinor and Shell meet to discuss the scope of signed agreements and plans for the development of the Bandurria Sur Block.
Executives participating the discussions included: YPF President Guillermo Nielsen, Equinor President Nidia Álvarez Crogh, Shell Argentina President Sean Rooney, YPF CEO Daniel González, YPF Upstream Executive Vice President Pablo Bizzotto, and YPF Executive Vice President of Strategy and Business Development Sergio Giorgi, the state oil company announced 31 January 2020 in an official statement.
“We’re very proud to deepen work we have been doing with Equinor and Shell,” YPF’s Nielsen said in the statement. “We’re confident in the potential this alliance has to accelerate our development in Vaca Muerta.”
Both European companies were already partners in other blocks with YPF, the largest unconventional operator outside of North America, according to YPF’s González.
Prior to the meeting, the three companies revealed details of agreements signed whereby Equinor and Shell acquired Schlumberger’s stake in Bandurria Sur and preliminarily agreed with YPF to expand their stake in the block.
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