Wintershall Energía S.A., a wholly owned subsidiary of Kassel-based Wintershall, has been awarded the exploration permit for the Area Ranquil Norte by the Mendoza Province through Decree N° 821. Wintershall Energía S.A. has 50% participating interest and is the operator of the Area with Total Austral S.A. as partner holding the remaining 50%.
The area is located in the southernmost region of the Mendoza Province and covers 2.232 km2. Since 2002 field and lab-work has been performed by Wintershall Energía S.A. over the whole surface, including geology mapping, geochemical analysis, geological modeling and 2D seismic interpretation. These evaluations indicate that the Ranquil Norte Block has potential to explore and develop conventional and unconventional reservoirs (shale gas and shale oil). This exploration commitment underpins Wintershall Energía S.A. determination to continue to contribute to the long term development of Argentina's oil and gas resources.