Companies plan to invest $38B in Argentine shale fields

Argentina’s YPF, Pan American Energy, and Wintershall plan to invest $38 billion over 35 years in the country’s vast Vaca Muerta shale formation, Reuters said, citing Jorge Sapag, the governor of Neuquén province.

The investments will go toward developing the Lindero Atravesado and Bandurrias oil and natural gas fields. Reuters noted that, from 2015 to 2018, $1.4 billion would be put into Vaca Muerta.

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