Shell (SHEL) Argentina, Equinor (EQNR), Vista Energy (VIST), and Argentina's state-owned YPF have entered into an agreement with Chile's national oil company ENAP for shale oil exports from Vaca Muerta in the Neuquen Basin, Reuters reported Friday, citing a statement from YPF.
The agreement is valid until June 2033 and includes an initial volume of up to 70,000 barrels per day, with the potential to generate $12 billion in revenue over its duration, Reuters cited YPF as saying.
The companies did not immediately reply to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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