Shale Oil and Gas

The Argentine Dream

Shale Oil and Gas

JUNE, 2012 It’s been an exciting and ultimately strange year in the world of Argentine oil and gas. In 2011, the country catapulted into the Shale industry’s limelight when the US Energy Information Administration (EIA) reported that Argentina had the third-largest technically recoverable resources of shale gas in the world, behind only the US and China, most of it within the Vaca Muerta (Dead Cow) shale in the Neuquén Basin within the western provinces of Neuquén and Mendoza. Having seen how the shale revolution rejuvenated the US oil and gas sector in the last decade, the global industry’s major players began positing themselves to enter Argentine shale. The excitement boiled over into a 4-day conference in Buenos Aires last January, hosted by American Business Conferences and chaired by Antrim Argentina’s Nicolas Davies. ....

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