VACA MUERTA INVESTMENT $2.3 BLN
PLATTS - Argentina's state-run energy company YPF and Malaysia's Petronas agreed Tuesday to invest $2.3 billion in a shale oil project in Vaca Muerta, with a target of reaching 60,000 b/d of oil equivalent by 2022.
The investment will be in La Amarga Chica, where the companies have been testing the shale oil potential since 2015 and have spent $550 million to date in the process, YPF said in a statement.
The initial target is to ramp up output to 60,000 boe/d from the…
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