Argentinean state-owned oil company YPF, in association with Petronas E&P Argentina (PEPASA), plans to move ahead with a task in the La Amarga Chica location, in the Province of Neuqu?n, in the Vaca Muerta field.
The joint financial investment commitment in this 3rd phase, anticipated to be concluded in 2018’s 3rd quarter, totals up to US$ 192.5 million.
For this last and 3rd stage in La Amarga Chica, both companies consider the drilling of ten horizontal wells and the building and construction of brand-new works and centers to transfer the shale oil produced in the area. After the completion of this last stage, the business will be able to choose the start of the full development of the location.
The material has actually been provided by InstaForex Company – www.instaforex.com