OEF Rapid Review
Argentina’s state-run oil firm YPF, France’s Total, Wintershall Energía and BP unit Pan American Energy has announced a $1.15-billion joint investment to increase shale gas production in Vaca Muerta, one of the world’s largest shale formations. The partners had already invested $500 million in the areas between 2014 and 2016. In March, Argentina’s Tecpetrol said it would invest $2.3 billion in the Vaca Muerta shale fields through 2019, marking the biggest announcement related to the formation in years. Vaca Muerta contains 308 trillion cubic feet of shale gas and 16.2 billion barrels of shale oil.
LINK TO THE SOURCE ARTICLE:
Argentina’s Vaca Muerta: $1.15-billion In Shale Gas Investments
