Current STO Stock Info

Agreement with YPF marks Statoil’s entry into Argentina
Statoil (ticker: STO) and YPF announced today an agreement to explore hydrocarbons in the Vaca Muerta shale. This represents Statoil’s entry into Argentina.

Under the terms of the agreement, Statoil will enter the Bajo del Toro license block with a 50% interest. YPF will retain a 50% share and will remain the operator. Statoil will recognize YPF’s past costs incurred in the block and will fund 100% of the cost of certain activities in the future.

Bajo del Toro represents almost 39,0...

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