According to reports in November 2018, Petroleos Sudamericanos plans to purchase and reactivate four production concessions in the Province of Rio Negro from state company YPF, namely the Bajo del Piche, Barranca de los Loros, El Medanito, and El Santiagueno blocks. The USD 30 million investment project is currently under review by the provincial government before the transfer of assets can be approved.  Bajo del Piche block (74 sq km) is situated on the Neuquen Embayment part of Neuquen Basin, while Barranca de los Loros (186 sq km), El Medanito (104 sq km), and El Santiagueno (623 sq km) blocks are situated on Northeast Platform part of the basin.  Background Information  In September 2018, fields in the Bajo del Piche, Barranca de los Loros, El Medanito, and El Santiagueno blocks produced 8.2 Mbo and 13.2 MMscfg, 614 bo and 3.5 Mscfg, 29.6 Mbo and 82.6 MMscfg, and 28.8 Mbo and 53.9 MMscfg, respectively.
Petroleos Sudamericanos plans to purchase and reactivate four production concessions in the Province of Rio Negro from state company YPF, namely the Bajo del Piche, Barranca de los Loros, El Medanito, and El Santiagueno blocks.