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.
The company will be keen to...
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