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MercoPress, en Español

Montevideo, November 21st 2024 - 23:39 UTC

Tag: Investment in Energy

  • Tuesday, October 30th 2018 - 08:45 UTC

    YPF plans US$ 4bn annual investment in oil and gas production

    YPF intends to invest US$ 3.6 billion on infrastructure in Vaca Muerta over the next five years, CEO Daniel Gonzalez said, with 1,700 wells drilled by 2023

    Argentina's state-controlled oil company, YPF, will significantly boost oil and gas production, investing between US$4 and US$ 5 billion per year through 2022, Chief Executive Daniel Gonzalez said. The plan is to raise production by between 5and 7% per year, with the largest increase in the Vaca Muerta formation, one of the world's largest reserves of shale oil and gas.