According to local reports in early-February 2018, operator Compania Petrolera Paraguaya SA was granted a Concession Law Contract for the Estrella Parana block. The work commitments reportedly include seismic activities and drilling of a stratigraphic well, with total investment set at USD 4.1 million over 2.5 years. Estrella Parana block covers approximately 7,895 sq km of onshore land in the San Pedro Sub-basin of the Chaco-Parana Basin and the Parana Basin. Estrella Parana block was awarded to Compania Petrolera Paraguaya as a Prospection Permit in November 2011.
Compania Petrolera Paraguayana was granted a Concession Law Contract for the Estrella Parana (7895kmÂ²) block.