Shell and YPF have “agreed to the preliminary terms and conditions” for a two-phase development of the Bajada de Anelo block in the Nequen basin that could see the Anglo-Dutch supermajor invest as much as $300 million.
The companies are still negotiating final terms of the deal.
The 55,000 acre Bajada de Anelo block is located to the north-east of the prolific Loma Campana block where YPF and partner Chevron are actively developing the Vaca Muerta.
The
