Argentina Prepares China Shale Deal to Boost Gas Reserves
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YPF SA, Argentina’s state-owned energy company, said its next shale oil and gas partnership will be with a group including China’s Cnooc Ltd.
China’s biggest offshore energy explorer probably will sign next month a definitive deal to explore and develop deposits in the Vaca Muerta formation, either as part of its Bridas Corp. joint venture with the billionaire Bulgheroni brothers or with the Bridas-run Pan American Energy LLC, YPF board member Hector Valle said in an interview.