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Total and Shell push ahead in Argentina’s Vaca Muerta shale

The companies will invest $550 million in the Argentinian projects

Total and Shell will invest a combined $550 million to set up pilot production projects in Argentina’s Vaca Muerta shale, their local partner Gas y Petroleo has announced in the last week. The announcements come at the same time questions are being raised over whether companies would continue to invest in the promising shale play in the face of a plunging oil price and political uncertainty. Shell and Gas y Petroleo, which is owned by the Neuquén provincial government, will invest $250m drilling wells on the Sierras Blancas and Cruz de Lorena blocks, Gas y Petroleo said. The companies will also build a 10,000 barrels a day (b/d) gathering and processing plant for early production at the blo

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