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Argentina’s untapped shale spurs search for next oil and gas giant: Fuel for Thought

From blogs.platts.com

On the vast, desolate plains of southern Patagonia, Compañía General de Negocios is stepping up drilling and exploration where few companies operate, an emerging trend of widening the search for oil and natural gas in Argentina. “The resource is very large,” Hugo Eurnekian, president of the Argentinian company, said of southern Santa Cruz province. “If this resource was in the United States, there would be hundreds of companies working, but there are only three.” CGC, as the company is known, has made a series of oil and gas discoveries since 2015, when it acquired more than two dozen fields in the area, part of the Au ... (full story)

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  • Category: Fundamental Analysis