Pan American Energy said it will invest around $1.4billion in exploring and producing Argentina’s conventional and unconventional energy reserves.
The plans include a $900million investment in Golfo San Jorge, mostly in the province of Chubut where it operates the country’s biggest oil field and $300million in the shale-gas-rich province of Neuguen.
The company started looking for unconventional oil in Neugen five years ago and develops shale gas there.