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Andes Energia Plc To Invest With YPF S.A. In Unconventional Development In Vaca Muerta Formation

Wednesday, 9 Jan 2013 02:00am EST 

Andes Energia Plc announced that the announcement by YPF S.A. (YPF) that it has entered into a preliminary agreement with Bridas International S.A. (Bridas) to develop the unconventional potential of the Vaca Muerta formation in the Bandurria and Bajada de Añelo blocks, under which YPF shall transfer 50% of its net interest in these areas to Bridas. The initial investment committed is USD1.5 billion and YPF will initially transfer to Bridas 184 km² (45,500 net acres). Bridas will also finance a further USD500 million to be invested in subsequent development programs. 

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-0.625 -1.29%
22 Jul 2014