Equinor, Shell acquire Schlumberger's stake in Vaca Muerta block

Equinor, Shell acquire Schlumberger's stake in Vaca Muerta block

M&A Equity Energy Gas Argentina Europe

International oil companies Equinor and Shell have teamed up to buy a stake in an oil block in Argentina from Schlumberger for $355 million, a deal that both buyers are financing with their own resources. The companies said in separate statements that they have closed a deal to purchase 49% of Bandurria Sur from the Houston-based oilfield services company, which has pulled out of the project to focus on its core business. Norway's Equinor and the Netherlands-based Shell said they each agreed to

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