YPF to invest $550 mln in Argentina block
Argentina YPF Argentina
YPF president Miguel Ángel Gutiérrez signed agreements with officials from the Río Negro province, outlining plans to drill 93 wells and raise hydrocarbons production by 25-30%. The company will also upgrade oil and gas facilities at the block.
Fernández Oro currently produces around 3.55 mcm (125 mcf) of gas per day. Further development there is expected to also target unconventional resources.
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