Wednesday 23 November 2016

Shale Drilling. Petronas. Appo Nak Dikato

Is a mega hit for Malaysia's very own Blues Gang.
Well it's indeed "Appo Nak Dikato" time when Personas goes in big time into shale oil drilling.

Reuters has the story.  Read below :

Argentine state-controlled energy company YPF said  it plans to continue a pilot shale oil project with Petronas announcing an additional $192.5 million joint investment.

The two companies put nine wells into production between May 2015 and September of this year, with an initial $165 million investment, YPF said in a statement.

In the next phase they intend to drill 10 horizontal wells and build infrastructure to transport shale oil.

The project is located in the Amarga Chica block in Neuquen province. Southern Argentina is home to Vaca Muerta, one of the world's largest shale reserves