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YPF faces fresh Argentina assault

Renationalisation rumours cloud news of fresh Vaca Muerta find

YPF’s fortunes continue to fluctuate in Argentina. Within the last week, the company has been buoyed by the announcement of another major shale discovery in the Vaca Muerta formation only to be sunk by subsequent reports of an imminent government takeover and the loss of further production licences. YPF, which is majority owned by Spain’s Repsol, announced on 29 March that it had extended the Vaca Muerta shale play to the north into Mendoza province with the discovery of an estimated 1 billion barrels of oil equivalent (boe) across a 2,000 square km area in the region. That figure adds to the 22.8 billion boe of shale resources the company has estimated are held in a 30,000 square km area t

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