Initial development plans at Taggart include the completion and tieback of two wells. First production is anticipated in 2022.
Output is scheduled to resume in first-quarter 2022.
The company owns 15% of the Sangomar oil and gas field being developed offshore Senegal.
The so-called awards in pre-defined areas are for zones offshore Norway already open to oil and gas companies, in the North Sea, Norwegian Sea and Barents Sea.
Crude oil and gas will be moved through Mountaineer and Canyon Chief pipelines.
Wintershall Noordzee, a joint venture of Wintershall Dea and Gazprom EP, began drilling the well in February.
The news follows the recent Black Stone Energy development agreement with Aethon Energy in the same region of the Haynesville and Bossier shale plays and complements the company’s goal of reviving volume growth from the area.
The companies, which have long been gridlocked over the development concept, did not give a start date for production nor an estimate for the cost of developing the field.
The activities are located at Shell's Bajada de Añelo Block in Argentina’s Vaca Muerta.
The decision follows an agreement between the ruling minority government and the main opposition parties June 8 to grant more tax incentives for the oil industry.