The Argentine unit of Brazilian state-controlled oil giant Petrobras plans to invest $622 million to explore for non-conventional natural gas in Neuquen, a province in southwestern Argentina, the Argentine government said Monday.
Petrobras Argentina expects to drill 44 wells at depths of up to 4,000 meters (13,114 feet) in Neuquen’s Punta Rosada formation, Cabinet chief Jorge Capitanich told reporters during his daily press conference.
Investment in 2014, 2015 and 2016 will reach $245 million in at least 15 wells that will add 1.4 million cubic meters per day of natural gas to production in Neuquen, Petrobras Argentina said in a statement.
Date: November 10, 2014
Source: http://www.laht.com/article.asp?ArticleId=2360216&CategoryId=14093
