Finance & Investing | Capital Markets
YPF and Bridas To Jointly Develop Argentina's Vaca Muerta
Print
|
President and CEO of YPF, Galuccio Miguel and Carlos and Alejandro Bulgheroni, by Bridas, signed today, an agreement for starting the massive development in unconventional Vaca Muerta formation, Neuquén, in an area of 663 km2 comprising areas and Bandurria Añelo Descent.
The proposed shale oil and shale gas starting in 2013 will include a delineation program accelerated, and a factory pilot mode for a total of 130 wells will be drilled over the next two years.
The program includes an initial investment for the next 24 months of 1.5 billion dollars, in which Bridas begin acquiring 35% of Down Area Añelo and 24.5% of Bandurria.
Most of the development of unconventional oil will, but it is also expected that a portion thereof within the area can understand Añelo Lowering wet gas…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
Latin America News
Chevron, Quantum prepare joint bid for Lukoil’s international assets
Chevron and private equity firm Quantum Energy Partners are preparing a joint bid for the international assets of Russian oil major Lukoil, a package estimated to be worth…
Exxon Extends Offshore Guyana Work with Noble Corp.
Noble Corp. announced that the ultra-deepwater drillship Noble Tom Madden has been awarded approximately 6.5 years of additional contract term under the Commercial Enabling Agreement (CEA) with ExxonMobil…
Halliburton Expects Slow 4Q, More Cost Cutting, Stacking Equipment
Halliburton reported its Q3 2019 results. Here are the highlights from its call and report. Shift from US to International Similar to Schlumberger, Halliburton noted the shift in…
YPF, Petrona Sign Agreement to Invest US$ 2.3B in Vaca Muerta
YPF and Petronas agreed this week to invest US$ 2.3 billion in a shale oil project in Vaca Muerta, with a target of reaching 60,000 b/d of oil…
Pemex, Lewis Energy Partner to Target Eagle Ford in Northern Mexico
Pemex and Lewis Energy have inked a joint development deal, which will be focused on targeting the Eagle Ford play in northern Mexico (Coahuila).