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YPF leading the development of Vaca Muerta shale

Argentina’s YPF is leading the development of one of the world’s biggest shale plays. The majors are building their positions, too

If Argentina is to see shale success it will be state oil champion YPF leading the way. Nationalised in May 2012, the company’s raison d’être is to help secure Argentina’s energy future, largely by tapping into the massive Vaca Muerta shale. But the company won’t be able to do it alone. More than a dozen international majors and independents from the US, Canada and Europe will have a key role to play, bringing cash and expertise into the country’s shale patch.  YPF holds a dominant position in the Vaca Muerta shale play, thought to be one of the largest shale plays outside the US with an estimated 800 trillion cubic feet of shale gas. The company holds more than 12,000 square km of Vaca Mue

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