Is This Argentinian Shale Play The Next Permian?

By Viktor Katona Having inked a $300 million investment deal with the Argentinian YPF, Shell reiterated its claim to join the ranks of the various oil & gas majors engaged in tapping the plentiful shale resources of the Vaca Muerta (“Dead Cow”) formation in Neuquén Province. Competitors abound – ExxonMobil, Chevron, BP (Pan American Energy), Total, Petrobras, Wintershall and others all stand to consolidate their hold on Latin America’s largest shale development, with reserves of 8.7 TCm of gas and 16 bn barrels of oil. After the…

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