YPF, Dow To Invest $500M In Argentina Shale In 2016

Post date: Dec 17, 2015 8:33:25 AM

Updated Dec. 15, 2015 11:13 a.m. ET

BUENOS AIRES—Argentina’s state-run oil company, YPF SA, and Dow Argentina, the local unit of Dow Chemical Co., said Tuesday they will invest $500 million in 2016 to explore for shale gas.

The companies, which have already invested $350 million in a joint shale gas venture, said in a statement that total investment could reach $2.5 billion in coming years.