MercoPress. South Atlantic News Agency
Shell given a foothold at Argentina's vast shale resources in Neuquén
Anglo-Dutch energy giant Shell made a stride forward in its push for part of Argentina’s nascent shale oil pie after the Neuquen province government gave it the rights to exploit two unconventional oil areas in the much-coveted Vaca Muerta region for the next 35 years. Read full article
Comments
Disclaimer & comment rulesShould anyone really need to warn them..?
Aug 26th, 2015 - 02:26 pm - Link - Report abuse 0I wonder how long this agreement will last before the Argentines start screaming about sovereignty and stealing everything that Shell invested.
Aug 26th, 2015 - 03:40 pm - Link - Report abuse 0Shell had better keep their hands on their wallet.
Of course this is a big blow to the malvinistas and trolls who claim that oil production is great and that Argentina doesn't need anyone!
Winning! lol.
Aug 26th, 2015 - 03:50 pm - Link - Report abuse 0http://www.hellenicshippingnews.com/oil-at-77-argentina-marches-to-a-different-drummer/
“Shell said it includes a pilot plan to study the area in order to fine-tune drilling and processing decisions.”
Aug 26th, 2015 - 06:20 pm - Link - Report abuse 0So Shell is going to tell the argies how to do it!
I thought that was the job ex-consultant now CEO / Chairman, whatever, of YPF was mandated to do by TMBOA. He's been looking pissed-off in every photo in the last 12 months and now his name doesn't even appear in this 'announcement'. I wonder if he has resigned? Or, better still, TMBOA has sacked him.
U$D 250M! Might as well piss in a pot for how far that will go.
F-ck the D-utch.
Aug 27th, 2015 - 05:27 pm - Link - Report abuse 0US$ 250 million, that is only enougth to drill 5 conventional wells. PUTA MUERTE needs about US$ 200 BILLION to make a difference nad that was a couple of years ago, at todays price of oil one can say it would need to be treble that at US$ 600 billion. Still it can be left in the ground for future generations I suppose.
Aug 27th, 2015 - 11:55 pm - Link - Report abuse 0Just one more example of how business as usual keeps going in Argentina, in spite of the gloom and doom predictions that are posted not only in MP but widely published by the dominant media of Argentina.
Aug 28th, 2015 - 04:46 am - Link - Report abuse 0Argentina has succeeded using counter cyclical measures that defy the received wisdom preached by dominant corporations and their allies.
That is why desperate attempts are made to derail such bad world example before the October presidential election.
@7 Enrique
Aug 29th, 2015 - 02:27 pm - Link - Report abuse 0How's the prosecution of Falkland oil executives going?
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