Apco Oil and Gas International Inc. has positions in four of the five major production basins in Argentina with investments in nine producing concessions and two exploration permits. In Colombia, Apco participates in two exploration and production contracts. Apco's net total daily production volume including our consolidated and equity interests was 12.3 thousand barrels of oil equivalent (average Q2 2010). Apco's primary properties are the following:
Argentina:
- Entre Lomas concession, located in the provinces of Rio Negro and Neuquen in southwest Argentina
- Participation: 53 percent
- Acreage: Gross, 183,000, net, 96,000
- Operator: Petrolera Entre Lomas S.A.
- Bajada del Palo concession located in the province of Neuquen
- Participation: 53 percent
- Acreage: Gross, 112,000, net, 59,000
- Operator: Petrolera Entre Lomas S.A.
- Charco del Palenque concession located in the province of Rio Negro
- Participation: 53 percent
- Acreage: Gross, 18,000, net, 9,500
- Operator: Petrolera Entre Lomas S.A.
- Acambuco concession, located in northwestern Argentina
- Participation: 1.5 percent
- Acreage: Gross, 294,000, net, 4,000
- Operator: Pan American Energy Investments L.L.C.
- Rio Cullen, Las Violetas and Angostura concessions, located on the island of Tierra del Fuego
- Participation: 26 percent
- Acreage: Gross, 467,000, net, 120,000
- Operator: ROCH S.A.
- Agua Amarga exploration permit located in the province of Rio Negro
- Participation: 53 percent
- Acreage: Gross, 75,000, net, 40,000
- Operator: Petrolera Entre Lomas S.A.
- Coiron Amargo exploration permit located in the province of Neuquen
- Participation: 22.5 percent
- Acreage: Gross, 100,000, net, 22,500
- Operator: ROCH S.A.
Colombia:
- Turpial exploration and production contract, located in the middle Magdalena basin
- Participation: 50 percent
- Acreage: Gross, 111,000, net, 55,000
- Operator: Petrolifera Petroleum Ltd.
- Llanos 32 exploration and production contract located in the Llanos basin
- Participation: 20 percent
- Acreage: Gross, 100,000, net, 20,000
- Operator: TC Oil and Services, Ltd.
|