International drillers Total, Wintershall, and Pan American Energy, along with state-controlled YPF are planning a restructuring of two blocks in the Vaca Muerta Shale in Argentina as part of a $500 million investment plan there.
Under the terms of a memorandum of understanding, Aguada Pichana block will be split into two areas. Aguada Pichana East will cover 761 kilometres and be operated by Total, according to a regulatory filing by Argentina’s YPF.
The
