Total Will Invest $500 Million to Produce Shale Gas in Argentina
- Nation has ‘giant resources of non-conventional gas,’ CEO says
- Company plans 10 large final investment decisions in 2017-2018
Total CEO Not Worried About Oil Market Prices
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Total SA will spend $500 million over three to four years to develop a shale-gas field in Argentina as the country’s government lures investors by pledging a minimum price.
“We have giant resources of non-conventional gas under our feet in Argentina,” Chief Executive Officer Patrick Pouyanne told reporters at a conference in Paris on Thursday. “It’s the beginning of a nice story.”