Argentina Seeks Investors in US Road Show
Argentina’s new energy secretariat Gustavo Lopetegui opened a multi-city US road show in Houston March 11 to show potential investors some $30bn of opportunities in the country’s unconventional oil and gas sector.
An estimated 120 executives from companies such as ExxonMobil, Chevron, French Total, Anglo-Dutch Shell and BP attended the first presentation, hosted ahead of Cera Week by Argentina’s oil and gas institute (IAPG). The road show will next visit Washington, DC.
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Lopetegui told the gathering that 2018 had been a difficult year for Argentina, the country was establishing a foundation for sustainable growth. Vaca Muerta shale gas production was 215% higher in January 2019 than a year earlier, he said, noting that those successes are “only the tip of the iceberg” with only 4% of the Vaca Muerta surface area exploited so far.