Statoil owned Fagervika oil reservoirs in Trondheim, Norway in 2009. Photo by Sveter/Wikimedia Commons Nov. 30 (UPI) — Norwegian energy company Statoil said it expanded its footprint in Argentina by becoming the operator at an area near one of the world’s largest shale basins. The company said it was awarded a license in the Bajo del Toro Este area in the Neuquén basin, taking a 90 percent stake and serving as the operator. “With the Bajo del Toro Este license award we are building our light oil position in a world-class unconventional resource play, the Vaca Muerta formation,” Statoil’s executive vice president for exploration, Tim Dodson, said in a statement . Vaca Muerta, located in Neuquén province, is considered one of the best shale basins in Latin America. Analysis from consultant group Wood Mackenzie found parts of the basin are producing on average 646 barrels of oil equivalent per […]