Vaca Muerta: they seek to accelerate investments for US $ 10,000 million

The government yesterday urged major international oil companies to invest between $ 5,000 and $ 10 million a year in the Vaca Muerta field in Neuquén. The invitation was made yesterday by Energy Secretary Gustavo Lopetegui on his first day of participation in the annual oil investment forum held in Houston, Texas. At a luncheon at the Argentine Institute of Oil and Gas (IAPG) in the American city, the manager is expected to increase the number of unconventional crude oil exports, depending on the growth in production, which could reach 100,000 barrels of oil. per day in the second half of 2019 from the current 80,000 barrels. Lopetegui also announced that at the end of April, the government would bid for the construction of a gas pipeline carrying up to 22 million cubic meters of gas per day from Vaca. Muerta. It will be awarded to the winner in August or September. Vaca Muerta is home to one of the largest unconventional hydrocarbon reserves in the world and is President Mauricio Macri's hope for the country's energy development.