This may not have been obvious to all:
Bridas anounced last month (Dec) it was investing $1.5 B in YPF's gas fields.
now, *read below:
May 2010 China National Offshore Oil Company Limited (CNOOC Ltd) has closed a $3.1 billion deal with Argentina-based Bridas Energy Holdings (BEH) to buy a 50 percent stake in Bridas Corporation, a wholly owned subsidiary of BEH before the deal.
Bridas Corporation, with oil and gas exploration and production operations in Argentina, Bolivia and Chile, is now a 50-50 joint venture between CNOOC Ltd and BEH.