Germany's Wintershall Dea and US corporation ConocoPhillips have agreed to jointly develop the Aguada Federal and Bandurria Norte blocks in Argentina's Vaca Muerta. The deal is expected to be signed by both companies at a ceremony on Monday morning in Buenos Aires. Wintershall, which retains all operating licences, is conducting production testing in both blocks, following successful pilot projects.
Germany's Wintershall Dea and US corporation ConocoPhillips have agreed to jointly develop the Aguada Federal and Bandurria Norte blocks in Argentina's Vaca Muerta. Under the deal, both firms will hold 50% of Bandurria and 45% of Aguada, with Gas y Petroleo del Neuquen retaining 10%. Wintershall, which retains all operating licences, is conducting production testing in both blocks, following successful pilot projects.