Tecpetrol casts a wide net in Vaca Muerta

By The Wildcat 27 March 2017
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Tecpetrol launching the development plan for Fortín de Piedra. (Tecpetrol) Tecpetrol launching the development plan for Fortín de Piedra. (Tecpetrol)

Argentina could be breaking from the shackles of the past, with Tecpetrol – a subsidiary of Argentine industrial giant Techint Group – pledging to invest $2.3 billion in the country’s Vaca Muerta shale formation until 2019. 

The numbers are impressive: nearly 70% of the cash will be spent on drilling 150 wells in the gas-rich Fortín de Piedra concession. Tecpetrol is seeking to produce more than 10 million cubic metres (MMcm) of gas per day from the investment.

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