Chevron, YPF Among Oil Drillers Backing New Argentine Pipeline

Chevron Corp., YPF SA and other oil drillers are planning a major Argentine pipeline to handle rising output from the Vaca Muerta shale region.

The companies, through the Oldelval SA joint venture, are in talks to increase oil-shipping capacity from Puesto Hernandez, a promising drilling zone more than 100 kilometers (62 miles) distant from the Vaca Muerta’s traditional heartland, according to an Oldelval spokesperson.