YPF SA, Argentina’s largest company, and Dow Chemical Co.’s Argentine unit have signed a final accord to invest US$188 million to jointly develop shale gas at the country’s Vaca Muerta formation. Dow will invest US$120 mln over a year while YPF will invest US$68 mln to develop 16 shale gas wells. Dow, the largest U.S. chemical producer by sales, is YPF’s second shale partner after Chevron Corp.
YPF and Chevron formed a US$1.24 bln shale partnership in July to tap the world’s second-largest shale gas deposit and fourth-largest shale oil reservoir at Vaca Muerta in southwestern Argentina.
25-Sep-13 
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