Among the projects expected to be launched, the companies plan to invest in a new three-year project in the 200-sq.km Bajada de Añelo block on the Vaca Muerta formation. Vaca Muerta is the second-largest shale gas deposit in the world and has turned Argentina into the world’s second-largest shale producer behind the US.
Other projects include development of the 372-sq.km Cerro Arena. American Energy Partners plans to invest USD 60 million on the block.
“We intend to bring US-style shale drilling and operating expertise, completion techniques and cost structure to the Vaca Muerta,” the CEO of American Energy Partners, Aubrey K. McClendon, said.
For more information and features on Argentina, click here.
The World Bank has granted Namibia a $138 Read More
PetroVietnam exploration arm PVEP has announced two oil finds with combined initial reserves of 100 Read More
Air Products’s LNG liquefaction equipment deployed on Coral Sul FLNG in Mozambique has successfully passed its performance test, Air Products… Read More
Saudi Aramco has awarded a USD 1 Read More
Singapore’s Seatrium has secured a topside integration project for the FPSO Errea Wittu from Offshore Frontier Solutions, a MODEC Group… Read More
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
This website uses cookies.