YPF Acquires Petrobras Stake in Argentine Oil Block
From Global Post
After purchasing Petrobras’ 38.45 percent interest for $40.7 million, YPF said in a statement it now has a 100 percent stake in the Puesto Hernandez block, which straddles the provinces of Neuquen and Mendoza.
Puesto Hernandez, which covers an area of 147 sq. kilometers (56 sq. miles), “produces more than 10,000 barrels per day of medium oil, considered most suitable for Argentina’s refineries,” YPF said.
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