AUTHORITIES in Argentina's Neuquen province have approved a $200 million investment plan by ExxonMobil for a pilot development at the Los Toldos I South block, writes Kathrine Schmidt.
The work plan for the 35-year unconventional exploitation concession is set to include up to seven wells, as well as construction of production equipment and export infrastructure.
“We are optimistic about this resource and the provincial government’s approval enables us to do the necessary work to continue expanding our operations,” said Sara Ortwein, president of ExxonMobil’s XTO Energy.
