Natural Gas Daily Latin America & Caribbean Exploration & Production
Great offers in Vaca Muerta – for a limited time only20 April 2017
New investments in Argentina’s Vaca Muerta play are coming thick and fast. Just this week, Shell inaugurated one of the world’s largest treatment plants for shale oil and gas in the formation. Just a few hours later came news that ExxonMobil will soon request a 35-year production licence for its Los Toldos 1 Sur block.
Argentine President Mauricio Macri has set the bar high. He announced in February that a number of companies – including Chevron, BP, Total, Shell and state-run YPF – will eventually invest up to $15 billion per year to exploit the formation.
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