Petroandina, related to Pluspetrol, has reportedly acquired Eniâs local unit Agip Oil Ecuador.Â  Agip Oil has had a risk service agreement with Petroamazonas for block 10 (Oglan + Villano fields) in the Napo Basin since 2010. The move may be related to Eniâs inability to convert from risk service to participation contract.
Petroandina Resources Corp, part of the Grupo Pluspetrol, has acquired Agip Oil Ecuador (part of ENI) stocks. Involved is Block 10, located in the (ENI has reported estimated 2P reserves of 300 MMb of heavy oil in place for the Oglan Field).