Gulf Oil and Gas accountACCOUNT

Argentina Inks $500m Gas Production Deal with Dow Chemical

Source: Reuters 12/15/2015, Location: South America

Share |
Argentina's state-run energy company YPF has entered a $500 million joint venture with Dow Chemical to drill for natural gas next year in the Vaca Muerta shale formation in Patagonia.

A spokesman for the company said the investment will be split evenly between Dow and YPF during 2016. Production will come from Vaca Muerta's El Orejano field.

"By the end of 2016, production at El Orejano could triple to reach an average 2 million cubic meters per day," a YPF statement said, adding that the investment comes atop an earlier $350 million joint venture between the two companies.

YPF estimates the Vaca Muerta deposit contains 661 billion barrels of oil and 1,181 trillion cubic feet of natural gas, making it one of the biggest shale reserves in the western hemisphere.

Shale Gas News in Argentina >>

Venezuela >>  1/19/2017 - Petroleos de Venezuela, S.A. (PDVSA) and representatives of the Russian company Rosneft assessed the progress of various joint projects, including the...
Bolivia >>  1/16/2017 - President Oilfield Fiscales Bolivianos (YPFB), William M. Acha and president of YPF, Miguel Angel Gutierrez, signed the Oilfield Services Contract for...

Mexico >>  1/11/2017 - Renaissance Oil Corp. (Renaissance) (ROE) is pleased to announce that PJSC LUKOIL, one of the world’s largest oil producers, has chosen Renaissance as...
Argentina >>  1/10/2017 - The President of the Nation, Mauricio Macri, announced an important agreement with the province of Neuquen, the companies and the oil unions to promot...

Brazil >>  1/4/2017 - Brazil’s liquids supply is expected to average 3.14 mb/d in 2016, an increase of 0.08 mb/d over the previous year. Preliminary crude oil production sh...
Chile >>  1/4/2017 - Fluor Corporation (FLR) announced that it was awarded a contract by Empresa Nacional del Petroleo (ENAP) for the engineering, procurement and construc...

Related Categories: Coalbed Methane  General  Heavy Oil  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

Related Articles: Coalbed Methane  General  Heavy Oil  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 


Argentina Oil & Gas 1 >>  2 | 3 |

More News

 

Oil & Gas Companies in Argentina >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.