Dow, YPF explore shale gas in Argentina

Dow, YPF to explore for shale gas in Argentina

5:33 AM, 28th March 2013
Dow, YPF to explore for shale gas in Argentina

BUENOS AIRES, ARGENTINA: Argentina’s state-run oil company YPF SA has signed a preliminary agreement to form a joint venture with Dow Argentina, the local unit of Dow Chemical Co, to explore for shale gas. The companies now enter into talks on how to work out the final details of a deal to uncover unconventional gas in the so-called Orejano block in Argentina’s resource-rich Neuquen province. Financial details were not disclosed.

Dow Argentina and YPF also agreed to work together to come up with ways for further develop the petrochemical industry in Argentina. YPF is attempting to reverse this trend and put Argentina on a path to energy independence by investing in exploration and production and getting other local and foreign companies to do the same.

© Dow Jones News

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