Equinor’s executive vice president for Exploration, Tim Dodson, and YPF’s CEO Daniel Gonzalez have signed an agreement to jointly explore the CAN 100 offshore block, located in the North Argentinian Basin.

The preliminary agreement, which was signed at Equinor’s office in Oslo, Norway, sets the core terms and conditions for YPF’s transfer of 50% of its share in the CAN 100 offshore block and will enable both companies to expand their alliance and move forward with the exploration process in the Argentinian offshore.