Energy
YPF’s $2.5 Billion Shale Oil Pipeline Moves Ahead After Approval
- Argentina’s biggest crude driller leads transportation buildup
- Vaca Muerta Sur is top priority, Westen says on earnings call
Argentina’s biggest oil and gas producer, state-run YPF SA, is moving ahead with plans to build a $2.5 billion cross-country pipeline that’s key to unlocking exports of crude from the vast Vaca Muerta shale patch in Patagonia.
YPF recently received environmental authorization for the so-called Vaca Muerta Sur pipeline and is seeking bids from contractors to build it, said Max Westen, head of strategy and business development.