abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

5 Jun 2020

Author:
Mining.com

Argentina: Patagonian province prepares to open bidding for world's second largest shale gas reserves

"Argentina to tender block in world’s top shale gas and oil field", 5 de junio de 2020

Argentina is getting ready to launch a tender on a section of its giant Vaca Muerta formation, in the Patagonian province of Neuquén, which holds the world’s second-largest shale gas reserves and the fourth-biggest shale oil reserves.

The Loma Amarilla Norte block, in the northern half of what was originally a larger section of Vaca Muerta, has experienced significant exploration activity in recent years. It’s also very close to ongoing developments, including State-owned energy firm YPF’s Bajo del Toro block.

The province of Neuquén...is close to finish details for the tender, but it “will wait for the right moment” to start the bidding process.

Argentina was an early player in the world of oil and gas, founding YPF in 1907. In recent years it has confirmed its potential with the world’s second-largest shale gas reserves and the fourth-largest shale oil reserves, concentrated in the Vaca Muerta formation...