Repsol Seeks Partner To Invest In Argentina's Vaca Muerta Field -Report

Date : 03/21/2012 @ 10:06PM
Source : Dow Jones News
Stock : China Petroleum & Chemical Corp. (SNP)
Quote : 73.42  0.24 (0.33%) @ 3:59PM

Repsol Seeks Partner To Invest In Argentina's Vaca Muerta Field -Report

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Repsol YPF SA (REP.MC) is looking for a business partner to invest in the mega oil field of Vaca Muerta in the Argentine province of Neuquen amid growing pressure by the South American country to make more investments, reports Expansion in its Thursday Internet edition.

Repsol is sounding out Chinese, U.S. and European companies to enter an alliance similar to that developed with Chinese oil company China Petroleum & Chemical Corp. (SNP), or Sinopec, in Brazil, the paper adds.

In 2010, Sinopec purchased a 40% stake in the Brazilian assets of Repsol.

Newspaper Website: www.expansion.com

-Dow Jones Newswires; enza.tedesco@dowjones.com

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