Related Articles
Forward article link
Share PDF with colleagues

Argentinian shale suffers further setbacks

The government was relying on Vaca Muerta to solve its financial problems. But another default looms as Covid-19 disrupts growth plans

Argentina’s shale industry, like its US counterpart, is facing possible financial ruin. Plunging oil prices have reduced production in the Vaca Muerta basin to a trickle, while lockdown of facility workers is further slowing operations. And the threat of widespread job losses and potential bankruptcies is disastrous timing for a government desperately needing oil revenues to stave off a ninth national default. State oil company YPF is particularly feeling the effects. The firm has been the leading driver of growth in the Vaca Muerta basin, working in collaboration with several international joint partners including Malaysian state oil firm Petronas and Chevron. Diminished physical demand,



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Tullow sees progress in Kenya
21 June 2021
The company might not have given up on its Kenyan ambitions
Adnoc presses the upstream accelerator
21 June 2021
Abu Dhabi has resumed the chase towards long-term capacity targets
Var hits oil in Balder Area probe
21 June 2021
The firm’s NCS near-field exploration strategy pays off again
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video