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Vaca Muerta Becoming YPF’s Main Growth Driver

AdrianC in Oil (General)

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AdrianC    + 42

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According to industry analysts and the company’s own strategy Vaca Muerta shale oil is poised to become Argentine state-controlled NOC YPF’s main growth driver in the coming years. 

The latest company data shows YPF plans to increase investments in shale oil in the coming years, starting with this year’s US$1.5bn and reaching more than US$3bn in 2022. As a result, the company expects to boost production from some 75,000b/d to around 300,000b/d in 2023.

 

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