Deal Insight
Majors boost Argentina uncons position as Schlumberger exits
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Shell and Equinor have acquired Schlumberger´s shares in its subsidiary Schlumberger Production Management Argentina S.A. for US$355 million in an all-cash transaction. The subsidiary owned a 49% non-operated working interest in Vaca Muerta´s oil block Bandurria Sur. The acquiring companies have split the consideration in equal parts and will each hold a 24.5% participation in the block. YPF will keep its 51% stake and retain block operatorship. Bandurria Sur is one of Vaca Muerta´s core oil assets. Together with Loma Campana and La Amarga Chica, it is a development priority among YPF's operated areas.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- Vaca Muerta resource type and operator
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Strategic rationale: Table 1
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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