According to reports in October 2018, the government of Neuquen Province has approved Vista Oil & Gas takeover as operator with 90% interest on the Aguila Mora block from Shellâs Argentinean subsidiary, O&G Developments. Provincial company GyP Neuquen holds the remaining 10% interest in the block. The transaction was executed as an addendum to a prior agreement from September 2018, where Vista previously assigned 35% of its 45% non-operating interest (held by to O&G Developments on the latterâs operated Coiron Amargo Sur Oeste (CASO) block, where a new unconventional exploitation concession was recently granted for the development of a shale oil pilot from the Vaca Muerta Formation on the Neuquen Basin.  Aguila Mora block covers 170 sq km of land in the Northeast Platform part of Neuquen Basin. The block is situated adjacent to to ExxonMobilâs Bajo del Choique - La Invernada block where the operator is also developing a project in the Vaca Muerta Formation.  Background Information  Vista Oil & Gas is an energy company that was incorporated in early-2017 based in Mexico, and is headed by former CEO of Argentinian state company YPF, Miguel Galuccio.
the government of Neuquen Province has approved Vista Oil & Gas takeover as operator with 90% interest on the Aguila Mora block from Shellâs Argentinean subsidiary, O&G Developments. Provincial company GyP Neuquen holds the remaining 10% interest in the block. 