One-Page Deal Sheet
YPF, Schlumberger Signs Vaca Muerta Joint Venture
Schlumberger Limited YPF
Announced Date
April 12,2017
Transaction Type
JV
Transaction Details: Subscribe to see
Schlumberger President of Operations, Patrick Schorn, and YPF Chairman, Miguel Ángel Gutiérrez, signed today an agreement to start a shale oil pilot project in Bandurria Sur Block in Vaca Muerta, Neuquén.
The agreement, signed in YPF´s offices in Buenos Aires involves a USD 390 million phased investment by Schlumberger, which includes a material contribution in kind of its services at market price. The block will continue to be operated by YPF. In addition, the commitment foresees the execution of different technical studies, the drilling of 26 pilot wells, and the construction of new…