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YPF, Petronas reach deal to develop Vaca Muerta shale in Argentina

Argentina's YPF and Malaysia's Petronas have agreed to jointly develop shale oil in Argentina's Vaca Muerta formation and will sign a deal today, WSJ reports.

The deal is believed to include an initial investment of more than $500M, and state-run YPF and Petronas could invest up to $9B over the next decade to develop the full potential of the La Amarga Chica field within Vaca Muerta.

The deal is expected to be structured similarly to a joint venture YPF signed last year with Chevron, which are developing the nearby Loma Campana field and has become the second biggest producer of unconventional oil outside North America

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Comments (2)
  • Urbannek
    , contributor
    Comments (1284) | Send Message
    Hope YPF comes back to what I paid for it before all the bad things happened due to the nationalization. If YPF where in a country that had a well run capitalist economy I am sure it would be very successful and be a great investment.
    28 Aug 2014, 04:58 PM Reply Like
  • gasoilguy
    , contributor
    Comments (12) | Send Message
    this agreement with PETRONAS, Soros doubling up in YPF and a new discovery last week bode well for companies in the area. Sovereign wealth funds are in Argentina looking at how to jv and participate. Americas Petrogas (ca.boe) is the cheapest, biggest potential upside of the group. 50% upside in this name I quick order
    1 Sep 2014, 11:28 AM Reply Like
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