Argentina's state-run energy company YPF said on Friday it plans to focus on boosting natural gas production in 2016, while also pursuing a gradual reduction in drilling and completion costs and looking for more partnerships for shale and tight play projects. It also admitted that potential investors are waiting for post-election clarity on economic and energy policies before making any decisions.
Argentina's Planning minister Julio De Vido guaranteed publicly on Monday that there will be no gas cuts next winter (21 June), while Energy Secretary Daniel Cameron described the situation as the best in the last four years.
Despite all the efforts and new incentives implemented by the administration of President Cristina Fernandez, Argentina's oil and gas production to August compared to last year's eight months continues to decline although at a slower rate: 2.76% and 6.57% respectively, according to the latest figures released by the Energy Secretary.