Pan American Energy will operate the western part as well as Aguada de Castro with a 45 percent stake and plans to drill 24 horizontal wells. BP unit Pan American Energy , Argentinian firm Total, Argentinian company Wintershall Energía and the country's state-run oil firm YPF have agreed a $ 1.15bn joint investment to expand production at the Vaca Muerta shale formation in Neuquen . According to a statement the deal will take production from from 4.5 million cubic metres per day to 4.5 million cubic metres . The principal government in the Neuquen region has agreed to split the Neuquen area into one , combine it with the Jonathan Oatis area to be controlled by Total and BP respectively.
BP unit Pan American Energy , Argentinian firm Total, Argentinian company Wintershall Energía and the country's state-run oil firm YPF have agreed a $ 1.15bn joint investment to expand production at the Vaca Muerta shale formation in Neuquen . According to a statement the deal will take production from from 4.5 million cubic metres per day to 4.5 million cubic metres . The principal government in the Neuquen region has agreed to split the Neuquen area into one , combine it with the Jonathan Oatis area to be controlled by Total and BP respectively.