Deals
Exxon Agrees to Sell Argentina Shale Oil Assets to Pluspetrol
- Deal still needs the approval of Neuquen Province, person says
- Exxon is exiting Vaca Muerta shale patch to focus elsewhere
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Exxon Mobil Corp. has agreed to sell most of its assets in Argentina’s Vaca Muerta shale patch to Pluspetrol SA, according to people familiar with the matter.
The province of Neuquen, where the assets are located, has yet to sign off on the deal, said one of the people, who asked not to be identified because the discussions are private.