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Independents stay the course after YPF nationalisation

Independents operating in Argentina have adopted the mantra “keep calm and carry on” in the wake of the government’s nationalisation of Repsol’s stake in YPF last month

The decision sent shockwaves through Argentina’s energy sector and provoked much criticism from abroad. The nationalisation of YPF, the nation’s largest oil and gas producer, has cast doubts on the future of Argentina’s energy sector, and in particular the future of the highly prospective Vaca Muerta shale play. The Vaca Muerta shale, which covers around 30,000 square kms in Neuquén province in southern Argentina, holds nearly 23 billion barrels of oil equivalent (boe) of recoverable resources, Spain’s Repsol said in a report earlier this year – making it one of the most attractive shale plays outside North America. Developing Vaca Muerta could double Argentina’s oil and gas production wi

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