Exxon Mobil to Sell Argentina's Vaca Muerta Assets to Pluspetrol
11/5/2024
(Reuters) — U.S. energy giant Exxon Mobil agreed on the terms and conditions to sell its oil and gas assets in Argentina's Vaca Muerta formation to Pluspetrol, a source at Exxon Mobil said on Wednesday.
Exxon will sell five blocks in Argentina's western Neuquen province, home to Vaca Muerta, and its stake in Argentine oil pipeline operator Oleoductos del Valle (Oldelval), the source said.
The source declined to provide details on how much the deal is worth or when it would be finalized.
"We continue to work together with the buyer and the Neuquen government to achieve alignment on the desired results," the spokesperson added.
Related News
- Boardwalk Approves 110-Mile, 1.16 Bcf/d Mississippi Kosci Junction Pipeline Project
- PGJ Exclusive (sponsored): How Southern Star revolutionized operations with a one-stop shop asset management upgrade
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
Related News
Sign up to Receive Our Newsletter
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Polish Pipeline Operator Offers Firm Capacity to Transport Gas to Ukraine in 2025
Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
Comments