Argentina: Apache takes Noroeste basin farmout

Gran Tierra Energy Inc., Calgary, said Apache Corp. has taken a farmout to earn a 50% interest in Gran Tierra’s Santa Victoria block in the Noroeste basin of northwestern Argentina.

By OGJ editors
HOUSTON, Apr. 7
– Gran Tierra Energy Inc., Calgary, said Apache Corp. has taken a farmout to earn a 50% interest in Gran Tierra’s Santa Victoria block in the Noroeste basin of northwestern Argentina.

Both companies agreed to proceed into the second exploration phase, which has a work commitment that will be fulfilled with an exploratory well. The block covers 516,815 acres.

Gran Tierra Energy, as operator, is interested in testing the gas potential of Permo-Carboniferous reservoirs, a proven play in nearby wells.

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