Argentina’s government is under significant pressure to bring the country’s oil industry back to life It is hoped that new reforms in the sector will bring in some much needed foreign investment and turn the country’s economy around The Vaca Muerta shale basin is the focus of this oil boom, with a potential breakeven price of below $30 per barrel For a decade, successive Argentine governments in Buenos Aires have enacted a range of policies aimed at reducing energy imports and exploiting the Latin American country’s vast hydrocarbon potential. While crude oil and natural gas production have steadily expanded since 2011 when former president and now vice-president Cristina Fernandez de Kirchner nationalized energy company YPF, it is struggling to reach the targets desired by Buenos Aires. The vast Vaca Muerta shale oil and natural gas basin is situated in the Neuquen Basin in northern Patagonia. The geological formation is […]