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YPF (YPF -3.9%) signs an anticipated partnership deal with Chevron (CVX +0.5%) that aims to pave...

YPF (YPF -3.9%) signs an anticipated partnership deal with Chevron (CVX +0.5%) that aims to pave the way for investment in Argentina's shale resources. The initial deal envisions drilling 100 non-conventional oil wells at a cost of $1B; details of a permanent deal will be negotiated during the next few months.
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  • rv3lynn
    , contributor
    Comments (497) | Send Message
     
    Roll the dice with a 100 well pilot project. Well cost $10 million each. You will need 90 day IP rates in the 2000 BOPD range to make this work. Chevron must be a true believer in the rocks and the hope that they can sell the oil at a world price.

     

    Vamos a ver.
    19 Dec 2012, 11:13 PM Reply Like
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