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Schlumberger Completes Sale of Bandurria Sur

Gasoil News - Published on Thu, 13 Feb 2020

Image Source: Schlumberger Bandurria Sur
Schlumberger announced 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.

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

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Posted By : Yogender Pancholi on Thu, 13 Feb 2020
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