The Chilean investment fund Megeve Investments acquired the Aguada del Chivato – Aguada Bocarey hydrocarbon exploitation concession, in Vaca Muerta in Argentina, which will be operated by its company Patagonia Energy SA, the company said in a statement.
Dead cow It is a formation of unconventional hydrocarbons, from an area the size of Belgium, located in Argentine Patagonia. The concession acquired by the fund was being exploited by Medanito SA
According to the company’s statement, the concession covers an area of 110 square kilometers and has 30 active wells from which 600 barrels of oil and 65,000 cubic meters of gas are extracted per day.
“Megeve Investments, owned by the Solari Donaggio family of ChileThrough its new company Patagonia Energy SA, it will assume all the financial obligations restructured by Medanito SA and will develop the investment commitments in the area ”, said the company.
The Patagonia Energy SA statement says that the Argentine province of Neuquén actively participated in the negotiations between the parties.
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