Project Profile
Value: US$8 million (investment)
Location: Rio Negro Province, Argentina
Area: 6,800kmsq
Exploration Start-up: 2017 - 2019 (option to extend until 2022)
The Chelforo Block covers 6,800 square km and is on the southern border of Neuquen Province, where the Vaca Muerta shale is located. The operator YPF will invest US$8 million in exploring the block by 2019. If YPF is successful and identifies sufficient potential in the block then the company will have the option to seek a second exploration period of three years from 2019 with a view to a an exploratory well being drilled before 2022
Operators:
Yacimientos Petrolíferos Fiscales (YPF): Operator with 100% interest