How to find us in Argentina
Our onshore activities in Argentina
Equinor holds an onshore exploration agreement in the Bajo del Toro license (as 50% partner with YPF) as well as an exploration licence in the Bajo del Toro Este (as 90% operator).
Argentina’s unconventional oil and gas resources are among the world’s largest. The Vaca Muerta is a geological formation in the Neuquén basin covering 30,000 km2 mainly in the province of Neuquén at the northern end of Patagonia, containing oil and gas found at a depth of more than 2,500 meters. Argentina’s Neuquén province is the country’s most prolific hydrocarbon basin.
Bajo del Toro
In August 2017 Equinor, and Argentina’s leading energy company YPF entered into an agreement to jointly explore hydrocarbons in the Bajo del Toro block. We are in the process of converting the block into a 35 years exploitation concession.
Equinor entered the agreement as a partner with 50% interest and YPF as the operator with the remaining 50%. The Bajo del Toro exploration permit covers an area of 157 km2 (38,800 acres) and the area has light oil potential in a world-class unconventional resource play.
So far, two horizontal exploration wells have been drilled into the Vaca Muerta formation, completed and put on stream during 2018 and 2019.
Six new horizontal wells will be drilled during 2019 and 2020. The plan is to start production from these wells late 2020.
Bajo del Toro Este
In November 2017 Equinor was awarded the Bajo del Toro Este exploration licence as part of the Argentina’s Gas y Petróleo del Neuquén’s (GyP) 5th bidding round.
Equinor will operate the licence with a 90 % working interest, with Gas y Petróleo del Neuquén retaining a 10 % interest. The Bajo del Toro Este licence borders the Bajo del Toro licence to the west. The Bajo del Toro Este exploration licence permit covers an area of 133 km2 (32,865 ac).
Equinor has committed to one exploration well before 2022.