Global commodities firm Trafigura is helping lead the investment revival in the Vaca Muerta Shale Basin in Argentina where energy investment has lagged other nations as well as dropping during the Covid-19 pandemic.
Argentine President Alberto Fernandez said he would send a bill to Congress to attract investment for the production of conventional and unconventional hydrocarbons in the world-class Vaca Muerta shale formation.
ExxonMobil and Qatar Petroleum are proceeding with a long-term upstream development in Argentina’s Vaca Muerta shale play with plans for 90 wells with a central production facility and pipelines.
Qatar Petroleum, owner of the world’s largest LNG production complex at Ras Laffan in the Arabian Gulf along with minority partner ExxonMobil Corp., has signed an agreement with the US major to purchase a large stake in its shale assets in the prolific Vaca Muerta play in Argentina.