Schlumberger Completes Sale Of Bandurria Sur

(Schlumberger, 31.Jan.2020) — Schlumberger announced today that it has completed the sale of its 49% interest in the Bandurria Sur Block in Neuquén, Argentina to Shell Argentina S.A. and Equinor. YPF will continue as operator of the block.

This divestment covers all of Schlumberger’s interest in the Bandurria Sur shale oil block, consisting of approximately 56,000 gross acres.

Related Link: YPF and Schlumberger Signed a Joint Venture Agreement to Start a Shale Oil Pilot in Bandurria Sur

“The monetization of our Bandurria Sur interest is an important milestone in Schlumberger’s strategy,” commented Olivier Le Peuch, Chief Executive Officer, Schlumberger, “It has been a privilege working in partnership with YPF on the pilot phase of this world-class unconventional resource.”

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