The company’s equity investee, Petrolera Entre Lomas, has reached a similar agreement, with the same terms and conditions as those obtained by Apco.
Net to its consolidated and equity interests, on a barrel of oil equivalent (Boe) basis, Medanito crude oil currently represents approximately 60% of Apco’s combined direct and indirect daily sales volume of 10,500Boe.
The company is also actively seeking to improve its oil sales prices in its remaining properties in Argentina.
