According to official reports in January 2020, Interoil has completed its acquisition of 8.34% and operatorship in five Roch-operated blocks in the Santa Cruz Province. It was said that Interoil's partner in its other Argentinean assets, Selva Maria Oil, will be operating the blocks until the company receives the operator license from the Argentine government. Other partners in the blocks are Echo Energy with 70% stake, and a subsidiary of Integra Oil & Gas, IOG Resources SA, with the remaining 21.66%. Echo entered the block in October 2019 following a purchase agreement with Phoenix Global Resources, while Integra Oil & Gas reportedly acquire its stake from previous operator Roch's original 30% interest.  The blocks consisted of Campo Bremen, Chorrillos, Moy Aike, Oceano, and Palermo Aike, and all situated in onshore and shelf of Austral Basin.          Block Name            Basin Name            Onshore/Offshore            Contract Sqkm            Onshore Sqkm            Shelf Sqkm            Deep Water Sqkm               Campo Bremen            Austral Basin            Onshore            809.16            809.16                      Chorrillos         Austral Basin            Onshore            650.7            650.7                      Moy Aike         Austral Basin            Onshore            728.45            728.45                      Oceano         Austral Basin            Onshore/Offshore            102.73            77.99            24.74                   Palermo Aike         Austral Basin            Onshore            525.13            525.13                 Â   In August 2019, daily production in Campo Bremen block was 3.7 MMscfg/d and 92 bo/d, Chorrillos block was 11.1 MMscfg/d and 651 bo/d, Moy Aike was 146 Mscfg/d and 82 bo/d, and Oceano was 2.9 MMscfg/d and 34 bo/d. Meanwhile, the Palermo Aike block only has several discoveries and abandoned fields.Â  Â   Background Information  Interoil entered Argentina in April 2019 through a joint venture with Selva Maria Oil on Mata Magallanes Oeste and Canadon Ramirez blocks in San Jorge Basin and La Brea block in Neuquen Basin.
Interoil closed an agreement with Roch under which it acquired an 8.34% interest from the latter in 5 mature prod. leases designated Santa Cruz Sur Assets (Campo Bremen, Palermo Aike, Oceano, Chorillos..).