YPF, Petronas plan Vaca Muerta development

The state-owned companies of Argentina and Malaysia are forming a joint venture to invest $2.3 billion over 4 years in Vaca Muerta shale development in the Latin American country.

Dec 6th, 2018

The state-owned companies of Argentina and Malaysia are forming a joint venture to invest $2.3 billion over 4 years in Vaca Muerta shale development in the Latin American country.

According to press reports of an announcement by the office of Argentine President Mauricio Macri, the work will be on the Amarga Chica block in the province of Nequen, where YPF and Petronas have worked together on exploration and pilot production (OGJ Online, Aug. 28, 2014).

According to the reports, the companies, each with half-interest, hope to produce 60,000 boe/d of oil and gas by 2022. Investment might reach $7 billion over 20 years.

YPF works jointly with other international operators on other licenses in its 12,000-sq-km Nequen basin concession.

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