FOCUS: UNCONVENTIONAL OIL & GAS — Argentine renationalization of YPF could hinder shale development

Development of the massive shale discovery recently made by Repsol SA in Argentina is threatened by the Argentine government's pending renationalization of YPF SA. Argentine shale could transform oil and natural gas production similar to how unconventional plays boosted US production, said Repsol YPF SA spokesman Kristian Rix. But political uncertainty could spoil expectations for the Vaca Muerta shale formation. The Argentina Senate voted Apr. 26 in approval of Argentina President Cristina Fernandez de Kirchner's bill to expropriate YPF, and a vote in the Lower House of Congress was imminent as this article went to press last week. Repsol YPF planned to drill 20 wells in Vaca Muerta in A...

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