Oil companies Tecpetrol and GyP have applied for their multi-billion-dollar project in Argentina’s Vaca Muerta unconventional formation to be included under the Large Investment Incentive Regime (RIGI), launched in 2024

Tecpetrol, the Argentine company that controls about 15% of the country’s shale gas production, will soon put a new drilling rig into operation at Fortín de Piedra, the company’s CEO, Ricardo Markous, told industry executives in Houston

The report published by the IAE highlights that the oil output of the basins in Argentina grew 3.2% in March, compared to the same month last year, and accumulated a 3.7% increase in the last 12 months