BP’s Dudley Favors Argentina Shale Over Costly Texas Permian

Updated on
  • Vaca Muerta fields have ‘enormous potential,’ Dudley says
  • Permian Basin shale assets too expensive for company right now

BP CEO: Why We're Seeking More Opportunities in Argentina

BP Plc would rather invest in Argentina’s shale oil fields than in Texas’s Permian Basin, the U.S. drilling hot spot, Chief Executive Officer Bob Dudley said.

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