Argentina's YPF says may scale back shale drilling due to cost

摘要

Argentina's YPF said the high cost of equipment could force it to scale back an ambitious drilling programme this year at the country's vast shale deposits in the Vaca Muerta shale formation, according to Reuters on Monday. The company had planned to drill over 100 wells at Vaca Muerta, but YPF CEO Miguel Galuccio told reporters that the company would adjust the project's $1.36 billion pilot plan if it was unable to secure the equipment and staff it needs at the right price.