Petronas, YPF announce new stage of Argentina shale pilot for US$192.5m
02 Feb 2018, 07:19 am
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BUENOA AIRES (Feb 2): Companies to drill 10 horizontal wells in third and last phase of pilot in La Amarga Chica, an area of the Vaca Muerta shale play in Neuquen province, YPF says in filing to regulator.

* Investment will also include new infrastructure for transporting shale oil

* Pilot is seen finishing in 3Q18, companies will then decide whether to proceed with full development

* NOTE: YPF had seen the JV progressing to full development in mid-2018

* NOTE: Dec. 2014, Petronas, YPF Challenge Oil Rout in $550 Million Shale Deal (3)


 

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