Malaysia Petronas joins YPF to develop shale-oil reserves in Argentina

Friday, August 29th 2014 - 07:32 UTC

Full article 4 comments

Argentine government controlled energy company YPF said on Thursday it signed a 550 million dollars agreement with Malaysia's Petronas to develop shale-oil reserves in the massive Vaca Muerta formation. Read full article

Comments

Disclaimer & comment rules

chronic
Asian imperialists/neocolonialists/capitalists are making great inroads into rotting roadkill. Make sure you can expatriate your earnings! Don't get nationalized! Enjoy!

Your Yankee Amigos salute you!
Aug 29th, 2014 - 08:44 am - Link - Report abuse 0
-+
golfcronie
Just a drop in the ocean, they need billions to produce anything, and it is not sour grapes. The technology is in the hands of the westerners and also ALL the specialist equipment. You need billions of dollars just for the infrastructure.
Aug 29th, 2014 - 09:08 am - Link - Report abuse 0
-+
ChrisR
They have an old fashioned way of dealing with nonsense spoken in SA: Blah, Blah, Blah.

Too little money, too little technical expertise = no results worth having.

Another 370 bpd 'well' coming in the future?
Aug 29th, 2014 - 11:54 am - Link - Report abuse 0
-+
yankeeboy
Yeah after 3 years they got nothing. The measly 16 wells they are drilling is an embarrassment.
They'll have another decade of ever increasing fuel imports.
Too bad for them they won't have the export revenue to pay for the fuel.
Then what?
Aug 29th, 2014 - 12:03 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!