Thursday, 28 August 2014

YPF, Petronas ink $550 million JV to develop Vaca Muerta

KUALA LUMPUR, Malaysia (Bloomberg) -- YPF SA and Petroliam Nasional Bhd., state-controlled companies from Argentina and Malaysia, signed a $550 million accord to develop shale oil at the world’s fourth-largest deposit in Vaca Muerta. Miguel Galuccio and Shamsul Azhar Abbas, CEOs for YPF and Petronas, respectively, signed a deal to develop a 187-sq-km area (72 sq miles) at Petronas’s Kuala Lumpur headquarters Aug. 28, the Buenos Aires-based producer said in an emailed statement.


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