According to a securities filing on Thursday, the plan would include a five-year pilot project to develop tight gas in the emerging play by drilling 24 wells.
Omar Gutierrez, governor of Neuquen province, said on Wednesday Petrobras would invest an initial $346 million to develop the Punta Rosada and Lajas formations with potential long-term investments of $2.5 billion.
Argentina's centre-right President Mauricio Macri calculates the Vaca Muerta, which could contain the world's largest shale reserves, would need total long-term investment of $200 billion to reverse Argentina's sustained energy crisis.
The
