Just east of Argentina’s Andean foothills, an oil field called the Vaca Muerta — “dead cow” in English — has finally come to life.
Extracting oil from shale formations in South Texas.
An oil field called Vaca Muerta came to life.
In May, the Argentine oil company YPF announced that it had found 150 million barrels of oil in the Patagonian field, and President Cristina Fernández de Kirchner rushed onto national television to praise the discovery as something that could give new impetus to the country’s long-stagnant economy.
“The importance of this discovery goes well beyond the volume,” said Sebastián Eskenazi, YPF’s chief executive, as he announced the find. “The important thing is it is something new: new energy, a new future, new expectations.”
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