Argentina's Shale Industry Lures International Oil Companies
Responding these accusations, YPF released a press report and assured that all its operations are done “taking care of the environment” and that “a remediation plan has been applied according to the province legislation.”
Neuquén has approved a set of rules regarding the extraction of shale oil and gas, which “have the objective of preventing and minimizing the environmental impact,” according to Act 1483/12.
The Argentine Oil and Gas Institute (IAPG) assured that the fracking technique poses no environmental risks since “the groundwater reserves are well protected” and “the water that remains after the extraction is correctly treated.”
The region is currently working on a strategy for a second phase of exploration activity in the Vaca Muerta in 2014. Apache holds 1.2 million net acres in the Vaca Muerta shale, of which approximately 950,000 net acres are in the oil and wet gas window of the play.
View Full Article
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.