Shell, which two months ago sold its downstream assets in Argentina, said Thursday it will invest in coming years to expand its shale oil output in the country. Photo courtesy of Wikimedia Commons Dec. 27 (UPI) — Shell Argentina, which two months ago sold a refinery and fuel stations, said Thursday it will move to develop unconventional oil fields in the Vaca Muerta basin, aiming at 70,000 barrels of oil equivalent per day by 2025. The decision includes developing the Sierras Blancas, Cruz de Lorena and Coiron Amargo southwest blocks, the company told UPI in a statement sent by email on Thursday. “Vaca Muerta makes up an important part of our global shale portfolio and we see substantial long-term growth potential there,” said Andy Brown, Shell Global Upstream Director. “The first phase of development will consist of drilling and infrastructure expansion to increase production and processing capacity” from the […]