Argentina’s shale needs $200 Bn

摘要

Argentina needs US $200 Bn in investment to develop its shale fields - but this could take time given low oil prices and uncertainty ahead of a presidential election, said state-owned YPF. YPF is improving drilling efficiency and developing its Vaca Muerta shale formation in Patagonia so that international companies will invest once prices recover, chief financial officer Daniel Gonzalez said. “I would not expect any significant joint ventures to be announced soon.”