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Chevron, YPF ink agreement to continue cooperation on shale oil and gas development

9:26 AM MDT | April 10, 2014 | Francinia Protti-Alvarez

Chevron has signed agreements with energy company Yacimientos Petroliferos Fiscales (YPF; Buenos Aires) to develop shale oil and gas resources from the Vaca Muerta formation located in Neuquén Province, Argentina. "Vaca Muerta could become an important contributor to Chevron's long term production growth. This is a significant step [...] to develop one of the most exciting shale plays in the world today," says George Kirkland, vice chairman of Chevron. Drilling in the area commenced in 2013 and the agreements signed build on the progress made...

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