The vaca muerta formation comprises upper lower tithonian to lower valanginian marine deposits of the mendoza group stipanicic et al. Argentina is betting on vaca muerta to rebuild oil and gas production after more than a decade of decline brought shortages and a surge in imports. Corporate and trade pacs that increased their % of contributions to democrats from 2005 to 2007. Mcdermott awarded prefeed contract for vaca muerta lng in. The policy of no rules on merger control and ambiguous rules on merger notification will create many challenges. These ovm units correspond to transgressive systems tracts and lower section of highstand system tracts of high frequency sequences and were defined. Ypf, argentinas national oil company noc, has under concession 12. The eca has been turning to allegations of anticompetitive conduct to intervene in transactions it deems to have a potentially harmful local effect, even when a deal is exempt from merger notification.
If competition rules do not contain a clear framework for mergers, then. Cvx today signed an agreement with affiliates of the argentine oil company ypf s. By elizabeth kivuva more by this author egypts largest private lender commercial international bank cib has received a regulatory nod to acquire a controlling stake in mayfair bank. The energy secretariat forecasts that the play will help double the countrys oil production to 1 million bd and gas to more than 238 million cu md over the next five years, making it a net exporter. Wheat growers has 5,100 active memberowners in eastern north. This merger is an important valuecreating step on basf s strategic path value creation through additional growth opportunities, realization of synergies and the envisaged ipo creating the leading independent european exploration and production.
Understanding 3d distribution of organicrich units in. Nuveen had two muni cef mergers close on april 11th. Egypt pursues innovative alternatives to merger control. Wintershall dea is pleased to announce that it has signed a sales and purchase agreement with conocophillips, to jointly develop the aguada federal and bandurria norte blocks in the central argentine province of neuquen. At the starting gate for development in vaca muerta in july wintershall dea and conocophillips signed a sales and purchase agreement to jointly develop the aguada federal and bandurria norte blocks in the central argentine province of neuquen. Argentinas vaca muerta shale oil and gas offers tough. The merger includes more than 30 cooperative locations serving 3,300 growermembers in a 20county area of central ohio. Vaca muerta s potential stacks up against successful shale plays of north america. Bnamericas is a platform tailored to your business, giving you can all the data and. This decision initiates fullscale developmentof oil and gas extraction area with a. Meanwhile, shareholders of wheat growers, aberdeen, south dakota, and north central farmers elevator approved a merger that will be finalized on february 1, 2018. Premerger notification guide egypt shalakany law office. Ypf to disclose contract clauses with chevron in vaca muerta. Argentinas vaca muerta frontier blocks lure juniors in.
Ypf awards mcdermott prefeed contract for vaca muerta lng. Egypts top lender gets cbk nod to acquire mayfair bank. Buenos aires, march 31, 2017 partners in argentinas aguada pichana unconventional development have requested to divide the concession into two. This effect can arise even if the merger causes no changes in the way other firms behave. Shell argentina announces development decision for vaca. The blocks hold significant unconventional oil resources of the vaca muerta shale formation. Houston, july 19, 2019 prnewswire mcdermott international, inc. Npt, nxz, and nma merging into nzf, and nio, nqi, and nqu merging into nvg. The merger is a critical step in mainstreaming and developing the region, and so far the attention paid to it after the initial legislation is woefully lacking. Developers mull vaca muerta investment the energy year.
Merger cases received by the commission october 2016 december 2016 case file number download statement of merger download decisions date of decision. Argentinas stateowned oil company ypf sa expects shale oil and gas production to grow 35 percent in 2018, as costs in the vaca muerta shale. Exxon bets on vaca muerta expansion project in argentina. International vaca muerta ops pick up july 24,2019. A total of 450 production wells are in operation in argentinas vaca muerta shale formation as of february 2016, of which 90% were drilled since 20. The 2,500meter horizontal lateral is the longest ever drill in the vaca muerta formation, located in the neuquen province of argentina. The vaca muerta shale oil and gas play, considered the secondlargest in the world, is spread across 38,800 acres in the bajo del toro block. Further, business decision as to the takeover, merger, acquisition requires working of economics before proceeding. Vaca muerta s geological characteristics seem comparable to the bakken and eagle ford shale plays in the united states. Vaca muerta drive puts ypf lng plans to fore argentine state player starts viability studies on export facility to handle excess gas supply 1 november 2018 23. Mcdermott international announced it has been awarded a contract by argentinabased ypf to provide prefrontend engineering design prefeed services for a five million tons per annum mtpa lng liquefaction facility, with a potential expansion to 10 mtpa, at the vaca muerta shale field in argentina.
Recent merger enforcement activities by the egyptian competition authority eca raise warning signs for businesses operating in egypt. Ink jv deal july 25,2019 ensign energy services inc. A merger can enhance market power simply by eliminating competition between the merging parties. The average thickness and reservoir pressure of formation is much higher than these two plays, clearly signifying enormous potential. According to the report, the planned merger came from a proposal submitted by a consultant to the federal government. Dry gas prospect vaca muerta basin neuquen province, argentina. The project will be equally owned by shell and ypf.
H brasseries internationales holdings ltdcarlsberg malawi ltd mer12322016 som32017 decision42017 11042017. Xto began leading the activity for exxonmobil exploration argentinas fivewell pilot project in the vaca muerta formation in 2015. Hackbarth and morellec 2008 use a real options framework and a data of 1,086 takeovers in the. Mdr announced it has been awarded a sizeable contract by argentinabased ypf, s. Nuveen tax free cef mergers now completed lets look at. Says ypf ceo energy analytics institute eai march 12, 2019 march 25, 2019 energy analytics institute, aaron simonsky, 12. Argentinas state oil company faces an uncertain regulatory environment amid unprecedented intervention by the current government and a likely continuation of that. Statoil sto, ypf finalize deal to develop vaca muerta play. Vaca muerta drive puts ypf lng plans to fore upstream online.
If you have any questions, please call 804 3719733 or tollfree in virginia, 1866722. The vaca muerta play includes twelve organicrich units ovm, organicrich vaca muerta with toc. A view from the outcrops in the chos malal fold and thrust belt diego a. Ypf to boost production in vaca muerta in 2018, costs fall. This land needs to develop if the gains of the military operation are to be solidified. The ypf position vaca muerta play vaca muerta is present in an area of 30,000 km2 7. Celebrates agreement for the capitalization of ypf energia electrica s. Statoil sto, ypf finalize deal to develop vaca muerta.
Ypf expects 35 percent shale output growth as vaca muerta. The main reasons advanced by the consultant for the proposed merger included, too much corruption in the civil service, too many agencies and lots of wastages on the various boards of directors of the agencies. Exxon to start exporting vaca muerta gas by irina slav dec 27, 2017, 2. Without infrastructural development and the allotment of funds, the masses will be further. Adverse competitive effects arising in this manner are referred to as unilateral. The effective date of the filing of merger is december 6, 2002. The blocks hold significant unconventional oil and natural gas resources in the prospective vaca muerta shale formation. The deal came into effect after ypf and chevron corporation, the secondbiggest u. The merger documentation is available at the companys registered office, through the 1info storage system.
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