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YPF plans US$ 4bn annual investment in oil and gas production

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YPF intends to invest US$ 3.6 billion on infrastructure in Vaca Muerta over the next five years, CEO Daniel Gonzalez said, with 1,700 wells drilled by 2023 Argentina's state-controlled oil company, YPF, will significantly boost oil and gas production, investing between US$4 and US$ 5 billion per year through 2022, Chief Executive Daniel Gonzalez said. The plan is to raise production by between 5and 7% per year, with the largest increase in the Vaca Muerta formation, one of the world's largest reserves of shale oil and gas.

YPF plans US$ 4bn annual investment in oil and gas production YPF plans US$ 4bn annual investment in oil and gas production Reviewed by Shahid Karimi on October 31, 2018 Rating: 5

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