The purchase includes majority stakes in strategic blocks located in Vaca Muerta.

Energy company Pluspetrol announces that it has completed the acquisition of all of ExxonMobil Exploration Argentina (EMEA) from its previous shareholders, ExxonMobil and QatarEnergy.

The purchase includes majority stakes in strategic blocks located in Vaca Muerta, including: Bajo del Choique-La Invernada, Los Toldos I Sur, Los Toldos II Oeste and Pampa de las Yeguas, in addition to 21.3% of the shares in the Oldelval oil pipeline, the main oil evacuation system in the Neuquén Basin.

Bajo del Choique-La Invernada is located in the most prolific shale oil zone of Vaca Muerta; it is a world-class asset with wells that stand out for their high productivity.

This transaction represents an important milestone in the history of Pluspetrol, as it will allow the company to significantly increase its production and reserves.