Related Articles
Forward article link
Share PDF with colleagues

Will Chevron deal breathe new life into Argentina's Vaca Muerta?

State-owned oil company YPF has sealed a deal with the US supermajor Chevron to develop a section of the highly touted Vaca Muerta shale play

AFTER months of negotiations, Argentina's state-owned oil company YPF at last sealed a deal with US supermajor Chevron to develop a section of the highly touted Vaca Muerta shale play in Argentina's Patagonian Neuquen province. Chevron has committed to spend $1.24 billion through the end of 2014 to cover most of the costs of a pilot development programme in a newly delineated section of the Vaca Muerta shale called General Enrique Mosconi. The new licence, which will be split 50:50 between the companies, incorporates a 5,000-acre area of the Loma La Lata Norte and Loma Campa blocks, where much of YPF's early drilling has taken place. The companies will drill at least 100 wells in the area d

Also in this section
Methane rises on investors’ risk radar
20 June 2018
Methane emissions are forming an important part of investors' broader climate change strategy
Latest licensing rounds
18 June 2018
The industry's most comprehensive list of current and recent rounds for onshore and offshore licenses
Tech firms jostle for a slice of the FLNG pie
12 June 2018
BHGE, Black and Veatch, TechnipFMC and a host of other firms are honing their FLNG products