Chevron seeks RIGI approval for $13.8bn Vaca Muerta oil project
Vaca Muerta is among the world’s largest shale reserves and is central to Argentina’s plans to boost exports and currency income.
03 June 2026
03 June 2026
Vaca Muerta is among the world’s largest shale reserves and is central to Argentina’s plans to boost exports and currency income.
At 06:40 GMT, Brent crude futures had risen by $1.56, up 1.6%, to $97.56/bbl, while WTI had gained $1.61, up 1.7%, to $95.37/bbl.
The combined portfolio now positions Parex as Colombia's largest independent upstream oil and gas producer.
The agreement adds around $239m (£177.68m) to the company’s firm contract backlog.
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