Chevron Corp. and Shell Plc are in talks to join Argentina’s signature project to ramp up crude exports from its booming shale patch.Chevron and Shell, which both have assets in the Vaca Muerta formation, are negotiating with a consortium of drillers spearheaded by state-run YPF SA to have equity stakes in the roughly $3 billion plan to build a cross-country pipeline and Atlantic port.
Should Chevron and Shell partner in the venture, it would be a sign that the Vaca Muerta can attract more foreign oil and gas investments.
December 5, 2024
SOURCE: BNN BLOOMBERG
Chevron, Shell Weigh Stake in Argentina Oil Export Plan