Regional Developments

摘要

Argentina has one of the largest reservoirs of unconventional hydrocarbons in the Vaca Muerta deposit in Patagonia. Therefore, the development of the country's unconventional oil and gas reserves presents a tremendous opportunity. The current Hydrocarbons Law provides the legal framework for unconventional oil and gas exploration and exploitation projects all over the country. Notwithstanding the foregoing, in order to promote new foreign investments, the Federal Government and the governors of the provinces that are part of the Federal Organisation of Hydrocarbon-Producing Provinces (OFEPHI) agreed to reform the Hydrocarbons Law, in order to provide exceptional measures for them.