Petrobras Argentina fka PZE

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Petrobras Argentina , along with the province of Neuquén provincial business and Gas y Petroleo del Neuquen SA ( P & L ) signed an agreement for the exploration and eventual exploitation of Parva Negra area .




The agreement provides for the drilling of four wells in shale gas in the Vaca Muerta formation , with an estimated $ 54 million investment.

Argentina Petrobras will be the operator with 85 % interest in the Joint Venture (JV ) and GyP have the remaining 15% for an exploration permit over the area for four years.

Among the activities in the province of Neuquén, Argentina Petrobras announced last Monday, the discovery of a productive oil accumulation in granting Rincón de Aranda, also within the Vaca Muerta Formation , at a depth of 2501 meters .

Moreover, last October , the company reported a successful well Mx- 1015, located in the area The Mangrullo , also in Neuquén, in the jurisdiction of municipalities and Cutral Huincul Co.