- Tight Gas & Oil
- Gas Hydrates
The Oklahoma City company and Argentina's state-run firm plan to invest more than US$500 million in developing the Vaca Muerta Shale over the next three years.
The round received 95 applications from 47 companies as the oil and gas sector continues to cope with the prolonged downturn, depressed commodity prices and a supply-demand imbalance.
Chad, Kazakhstan, Oman and the United Arab Emirates are believed to have vast shale resources capable of boosting production and adding revenue. However, economics could stand in the way.