Argentine province Neuquen to auction six Vaca Muerta oil, gas blocksStaff Writer | December 27, 2016
Gas y Petroleo del Neuquen (GyP), the oil and gas company owned by Argentina's Neuquen province, plans to auction exploration rights to six blocks in the Vaca Muerta shale play, local media reported.
Oil exploration One of the largest shale formations
Vaca Muerta, one of the world's largest shale formations, has attracted investment from Exxon Mobil Corp and Chevron Corp, but remains largely unexplored.
Argentina's government has sought foreign investment in Vaca Muerta to drive economic growth and overcome an energy deficit. ■