- Royal Dutch Shell's (RDS.A, RDS.B) Argentine unit plans to triple shale investments to $500M as it eyes a change in the government's energy policies to spur development of the Vaca Muerta formation and cut fuel imports.
- Argentina will need $300B to develop Vaca Muerta in a six-year period that would make the country oil sufficient starting in 2020 and keep producing for as many as 40 years, Shell Argentina's CEO says.
- Shell has four wells in production at Vaca Muerta, is drilling two more and says it is analyzing opportunities to increase its shale acreage.
Shell to triple Argentine shale spending as government cooperation grows
Dec 10 2013, 17:56 ET