Monday, May 20, 2013

Shale Compendium: South America

  • Chevron and YPF signed a $1.5B deal to develop the Vaca Muerta shale field, with plans to drill over 100 unconventional wells in the next 12 months (Reuters)
  • Exxon and YPF exploring for unconventional oil and gas in Argentina (Bloomberg)
  • Bridas Corp. and YPF signed a $1.5B deal for shale development in Vaca Muerta (Cortez Journal)
  • YPF and Chevron sign agreement to explore and develop shale oil in Vaca Muerta (2013 PwC Report p.4)
  • YPF and Dow Chemical signed a preliminary shale agreement to explore for shale gas in Orejano block (WSJ MarketWatch)
  • Columbia Ecopetrol SA exploratory well found crude oil, company continues explorations (Oil & Gas Journal Apr. 2013)
  • Petrominerales is doing production testing in Llanos basin and plans to drill a second horizontal well (Oil & Gas Journal Mar. 2013)
  • Exxon acquires shale exploration rights in two blocks in Columbia. (2013 PwC Report p.4)
  • Brazil’s energy regulator ANP plans to auction exploration rights for shale gas deposits in five different basins in Brazil, the auction is planned to take place on October 30 and 31, 2013. (Reuters Jan. 2013; Reuters Feb. 2013)
  • Brazil’s Cemig investing in unconventional fuels, drilled two exploratory wells in 2012, three more planned (Bloomberg)
  • Companies have approached Chile’s Ministry of Energy for Special Contracts of Petroleum Operations. Chile’s Ministry of Energy has been diverting investments due to lack of information about shale gas in the country. (Natural Gas Americas)
  • Paraguay and Uruguay have not announced any specific plans for shale extraction (Power Engineering Int. Jan. 2013)
  • Bolivia’s YPFB started preliminary studies on shale gas potential (Energy News Feb. 2013)
  • YPF partnered with Ancap for shale development in Uruguay’s portion of Chaco basin (Power Engineering Int. Jan. 2013)
  • Nicolas Maduro and Vladimir Putin "affirmed their readiness for further progressive development of bilateral cooperation in the spirit of strategic partnership" (Reuters Apr. 2013)

Written by Anna Leonenko, Research Fellow
Penn State Law, Agricultural Law Center
May 2013

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