Argentine energy firm CGC to tie-up with YPF in Vaca Muerta oil project
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Argentine energy company CGC will partner with state oil company YPF in a new project at the Vaca Muerta basin, holding a 49% minority stake. The collaboration aims to develop the Aguada del Chañar area, expanding CGC's presence in one of North America's most prolific shale oil and gas formations.
March 22, 2025 | 12:45 am
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CGC secures minority stake in strategic Vaca Muerta shale project, potentially enhancing its energy portfolio and future revenue streams.
The partnership represents a significant strategic move for CGC, expanding its presence in the lucrative Vaca Muerta basin. The 49% stake in a promising shale project could lead to increased future revenues and improved market positioning.
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