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Showing posts with label shale gas reservoirs. Show all posts
Showing posts with label shale gas reservoirs. Show all posts

Friday, June 7, 2013

Argentina Will Not Become Venezuela

Chevron (NYSE: CVX) is in advanced negotiations with Argentinean state owned YPF (NYSE: YPF) to develop Vaca Muerta basin, considered by Chevron the second largest reservoir of unconventional oil in the world. This looks like a potentially huge opportunity, but the risks are also enormous.