Exploration & Production

Great offers in Vaca Muerta – for a limited time only

Now is a great time for companies to plant a flag in Argentina’s Vaca Muerta formation, but the rewards on offer will not be around forever Now is a great time for companies to plant a flag in Argentina’s Vaca Muerta formation, but the rewards on offer will not be around forever.
By The Wildcat 20 April 2017 0 25555
A well in the Vaca Muerta shale play. Argentina is offering generous incentives to drill there. (YPF)

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 –...