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YPF courts Chevron for shale development

YPF has started talks with Chevron as it continues its search for foreign partners to help it develop the multi-billion barrel Vaca Muerta shale

Argentine explorer YPF has started talks with US supermajor Chevron as it continues its search for foreign partners to help it develop the multi-billion barrel Vaca Muerta shale, thought to be one of the largest shale discoveries outside North America. Miguel Galuccio, the head of YPF, Ali Moshiri, the head of Chevron’s Latin America business, held fruitful talks over a potential agreement to form a strategic alliance to invest in unconventional oil and gas development as well as redevelopment of the country’s mature fields, YPF said in a statement. “We talked specifically about different alternatives for cooperation. Chevron is very interested in coordinating joint projects, and we want p

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