Project Profile
Value: US$350 million (exploration and production pilot) and US$500 million (2016)
Location: Part of the Vaca Muerta shale gas deposit, El Orejano, Neuquen basin, Argentina
Area: 41 sq. km
Production capacity: 3 million cubic metres per day (peak periods)
Production: 2.5 million cm per day (2017) and 4 million cm per day (2017-2020)
YPF has signed a final agreement with the Argentine unit of The Dow Chemical Company to explore shale gas reserves in El Orejano, Neuquen basin in Argentina. The 41km2 El Orejano block is part of the Vaca Muerta shale gas deposit in Argentina\'s Neuquén province.
Dow Argentina plans to invest US$120 million, while YPF will contribute US$68 million to the joint venture. YPF is the area operator and initially will develop 16 gas wells for the shale gas extraction. Both sides estimate extracting 3 million cubic metres per day during peak periods.
Operators:
YPF (NOC): Operator with 50% interest
Dow Chemical Company: 50% interest