Vaca Muerta: Petronas Confirms US $ 2.3 Billion Investment (Now at IMF)

Anuar Taib is the executive vice president and Upstream CEO of Petronas, the company controlled by the Malaysian government. This Tuesday 12/3 confirmed in the dialogue with Econojournal that the company will invest $ 2,300 million over the next four years in training Dead cow.

The oil company is badociated with YPFunder an agreement announced in December at the beginning of the field development stage, but which has now been ratified by Anuar Taib.

L & # 39; objective: to reach by 2022 a production of 60 000 barrels of oil equivalent per day. The total investment could reach the 7,000 million, while production would reach 75,000 barrels equivalent

"We like to work with YPF, they are very competent and they are a very good partner.We have signed an agreement in Buenos Aires.We are in development and we hope to be in a long time", sharp Anuar Taib, Petronas Executive, as part of the event CeraWeek2019 in Houston, the largest oil show in the United States taking place this week in this city.

The investment would be in The bitter girl, the third project that YPF manages to move to the stage of mbadive development, after Loma Campanawith Chevron and L & # 39; orejanowith Dow. The first well was drilled in May 2015 and since then, 33 wells have been completed and the production of 9,800 barrels of oil equivalent per day. This is YPF's second direct investment for the development of unconventional hydrocarbons in Argentina.

The owner of YPF, Miguel Gutiérrez, informed the national government that the investment for 2019 will be $ 590 millionOnly in the project with Petronas, and with this injection of capital, it is estimated that it can increase oil production by 20% by 2022, which represents a total increase of 15% for Argentina.

"We are proud of the strong relationship we have established with Petronas during the three pilot phases in which we exceeded our proposed targets."said the head of YPF.