Argentina’s YPF to cut shale drilling costs by 10%

摘要

Drilling costs at the Vaca Muerta shale play in Argentina will fall by at least 10% by the end of 2016, YPF CEO Miguel Galuccio told reporters this week. The state-owned company, tasked with cutting Argentina’s reliance on imported energy, plans to shave down drilling costs by sourcing sand for fracking from the domestic market rather than Brazil, China and the US.