ExxonMobil plans to invest $200 mln in Argentina’s Vaca Muerta

By Staff reporter 4 September 2017

United States-based supermajor ExxonMobil plans to invest $200 million in Argentina’s Vaca Muerta shale play, Reuters has reported, citing a company spokeswoman.

The company has asked the government of the Patagonian province of Neuquén for a 35-year unconventional production concession in the Los Toldos I Sur block.

The news follows the entry of Norwegian giant Statoil into the Bajo del Toro block in Argentina’s Neuquén Basin together with state-run YPF last month.  

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