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Montevideo, December 13th 2018 - 23:24 UTC

YPF and Malaysia's Petrona committed to invest US$ 2.3bn in Vaca Muerta

Thursday, December 6th 2018 - 09:32 UTC
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Argentina's state-run energy company YPF and Malaysia's Petronas agreed this week to invest US$ 2.3 billion in a shale oil project in Vaca Muerta, with a target of reaching 60,000 b/d of oil equivalent by 2022. The investment will be in La Amarga Chica, where the companies have been testing the shale oil potential since 2015 and have spent US$ 550 million to date in the process, YPF said in a statement. Read full article

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