On 19 December 2017, Pluspetrol announced the acquisition by GeoPark of the 179 sq km Aguada Baguales, the 238 sq km El Porvenir and the 138 sq km Puesto Touquet blocks in the Neuquen Basin. The deal was closed for US$ 52 million and is subject to official approval. As reported by GeoPark, the blocks produce a combined 2,700 boe/d, 70% liquids and 30% gas. GeoPark also estimates proven and probable (2P) oil and gas reserves of approximately 12-14 million barrels of oil equivalent and 3P reserves of approximately 18-20 MMboe and approximately 15-30 MMboe in prospective exploration resources plus additional potential in the Vaca Muerta Shale. GeoPark is returning with more strength to the local market after divesting some assets in the Santa Cruz province, Austral Basin. Pluspetrol is the third leading hydrocarbon producer in Argentina and intends to concentrate activity on its strategic assets like the Centenario Block, the former Petro-Andina Resources licences, the Vaca Muerta assets and its Peru holdings. 
Argentina, El Porvenir (CNQ-15 M)