TotalEnergies Sells Stakes in Vaca Muerta Oil Blocks

Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--TotalEnergies SE (Courbevoie, France) recently sold its 45% operated interests in the Rincon La Ceniza and La Escalonada shale oil and gas blocks in Argentina's Vaca Muerta for a total of US$500 million. Both projects are in their pilot development phases. Total's partners in the assets are Gas y Petroleo de Neuquen (10%) and O&G Development Limited S.A. (45%), which is owned by Shell plc (London, England). Other companies featured: Petronas, , Apache Corporation, YPF and Vista Energy.