The joint investment commitment in this third stage, expected to be concluded in 2018's third quarter, amounts to US$ 192.5 million. Argentine state-owned oil company YPF is working with Petronas E&P Argentina to establish 10 horizontal wells and accompanying facilities in the Vaca Muerta field in La Amarga Chica, Neuquén. The project will be developed by a consortium of companies including ExxonMobil, Shell, Statoil, ConocoPhillips, Repsol YPF, Petrobras and Total SA. Once the wells and facilities are complete, the partners will make a decision on the full development of the area.
Argentine state-owned oil company YPF is working with Petronas E&P Argentina to establish 10 horizontal wells and accompanying facilities in the Vaca Muerta field in La Amarga Chica, Neuquén. The project will be developed by a consortium of companies including ExxonMobil, Shell, Statoil, ConocoPhillips, Repsol YPF, Petrobras and Total SA. Once the wells and facilities are complete, the partners will make a decision on the full development of the area.