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Operational Activities - Vaca Muerta Drilling Commenced in CASE

Upon closing of the transaction, expected to occur in July, Aleph plans to start funding the construction of infrastructure necessary to provide gathering, processing, and evacuation midstream services to oil and gas producers in Vaca Muerta.

"The port of Bahia Blanca is a natural fit for us, since we are currently moving heavy oil field equipment for customers through the port and into Vaca Muerta," said Reiner Wiederkehr, CEO Fracht USA.

Yet, if Argentina receives sufficient investment to build the infrastructure -- the pipelines, railways, silica mines, and waste sites -- needed to make Vaca Muerta profitable, the country may become effectively locked into full exploitation.

According to research by Argentina's Socio-environmental and Energy Justice Alliance, although oil and gas firms operating in Vaca Muerta in 2016 invested less than they did in 2015 and provided 3,000 fewer jobs, they received higher earnings.

"You wouldn't find these last two very easy in the world and our reserves look to be like very relevant." Hernandez also highlighted Qatar's investments in Argentina, which are mainly related to the shale oil deposit of Vaca Muerta. "Vaca Muerta has room for everyone who is interested in investing.

DOHA, June 3 (KUNA) -- The Qatar Petroleum entered into an agreement with US Supermajor, ExxonMobil, to become a 30 percent equity holder in two ExxonMobil affiliates in Argentina that hold different interests in hydrocarbon licenses for seven blocks in the world class Vaca Muerta play in the onshore NeuquUu[c]n basin in Argentina.

Continued from page 1 f1'eef0 Giving details about the deal, the QP chief said it would open the doors for further development of the Vaca Muerta unconventional resource in Argentina.

As the Vaca Muerta shale reserves become more available, there is potential for rejuvenating the petrochemicals sector.