Natural Gas Daily Latin America & Caribbean Exploration & Production
Tecpetrol casts a wide net in Vaca Muerta27 March 2017
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.
Log in or register for a free trial to continue reading this article
Not a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.Sign up