Ali Moshiri negotiates his landing at Vaca Muerta with oil company Neuquén • EconoJournal

Houston (special envoy). Ali Moshiri is certainly one of the key names in the genesis of the development of Vaca Muerta. From an Iranian family, Chevron's former president for Africa and Latin America was that convinced the North American company to invest in extracting oil in the Loma Campana region with YPF in 2013, at a time when almost no one believed in the potential of unconventional training in the Neuquén Basin.

Chevron has invested more than $ 3.5 billion in this area and, virtually silently, it is the second company to have invested more money in Vaca Muerta behind YPF.

Moshiri's removed from Chevron in 2017 (35 years after entering 1983) and shortly thereafter he started his own business, Amos Global Energy. With this vehicle plans to land in Argentina to return to Vaca Muerta. This was declared in a dialogue with EconoJournal at the end of the luncheon prepared by the IAPG in this city, which had as speakers the Minister of Finance, Nicolás Dujovne, and Secretary of Energy, Gustavo Lopetegui.

"I have conversations with the government of Neuquén invest in Vaca Muerta. It's great that (Omar) Gutiérrez won the re-election (it was imposed Sunday in the provincial elections), "said the director, who has been running all Chevron operations in Latin America since 2000. Your bet is to conclude an agreement with Gas y Petróleo, the state oil company Neuquén, which maintains a stake in several consortiums with badets in Vaca Muerta and also has some areas not yet developed.

"Vaca Muerta is one of the best basins in America.This is a great resource from which only 5% have been developed. To accelerate the business, the entry of small and large enterprises is necessary which inject public and private capital, "he told the Double Tree hotel, located just outside the center of this Texas city.

Moshiri wants to land at Vaca Muerta with a new concept of development. Instead of doing it as a traditional operator, the owner of Amos Global Energy, who calls himself an independent oil company with a small structure and is still looking for his first badets, intends to move forward with a different approach. In particular his plan proposes a common and synergistic landing with service companies, who are the ones who have the technology to make the exploitation of unconventional fields viable.

"There are companies that are doing a great job like YPF and Vista Oil & Gas (the oil company created by Miguel Galuccio, with which Moshiri has signed the agreement with YPF). to accelerate the development of Vaca Muerta, we need a different approach, a new model that includes new service companies and independent operators in which investors and public and private funds rely, "said Moshiri, who could conclude a first agreement in Neuquén in the coming months.