20 April 2024
YPF lures Schlumberger into Vaca Muerta shale oil play
Publication date: 13 April 2017
Gas Strategies Group
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Argentine state-run energy company YPF has lured the world’s largest oil services company Schlumberger into a shale oil pilot project in the country’s coveted Vaca Muerta shale formation.
The pair penned a joint venture agreement this week, under which Schlumberger will invest USD 390 million for a 49% interest in the venture. YPF will retain a 51% operator stake.