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Argentina seeks to maintain Vaca Muerta momentum

Fresh fears are emerging over Argentina’s fragile economy, but the government has sought to reassure producers over the country’s generous gas incentives Fresh fears are emerging over Argentina’s fragile economy, but the government has sought to reassure producers over the country’s generous gas incentives.

By Chris Noon 22 May 2018 0 30951

Drilling in Argentina's Vaca Muerta formation

A drillpad in the Vaca Muerta formation. (YPF)

Argentina’s government is seeking to bolster producer confidence in the Vaca Muerta shale formation as the country’s economy enters choppy waters.

Buenos Aires will soon approve eight blocks as eligible to receive production incentives as part of its ‘Plan Gas’, whereby Buenos Aires pays $7.5/MMBtu for gas output, Argentina’s Energy Minister Juan José Aranguren said on 9 May. Another six blocks are likely to be cleared to receive the subsidies within a month, he added.

Five blocks already receive the incentives. This will mean...