2 de agosto de 2017 / 14:11 / hace 20 días

BRIEF-Argentina's YPF, Pampa Energia to invest $150 million in Neuquen

BUENOS AIRES, Aug 2 (Reuters) - Argentina's state-owned oil company YPF SA, along with Pampa Energia SA, will invest $150 million in an unconventional gas pilot project after Neuquen province extended its concession by 30 years, YPF said on Wednesday.

* Pilot project will consist of drilling of 13 horizontal wells to continue development of Mulichinco tight gas formation in the Rincon del Mangrullo concession

* Pilot will also explore Vaca Muerta shale gas and Las Lajas tight gas formations

* Concession had been set to expire in 2022, but Neuquen agreed to extend it to 2052 in exchange for investment

* YPF and Pampa have produced gas from the Mulichinco formation in 183 square-kilometer (45,220.28 acre) Rincon del Mangrullo since 2013 (Reporting by Luc Cohen and Juliana Castilla)

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