Key facts
- Chevron applied for Argentina's tax incentive program.
- The application supports a $13.8 billion investment plan.
- The project is located in the Vaca Muerta formation.
- The initiative aims to boost oil and gas production in Argentina.
Chevron has applied to join Argentina's tax incentive program, which is designed to encourage investment in oil and gas production. This application is in support of the company's previously announced $13.8 billion investment plan for its shale project located in the Vaca Muerta formation. The Vaca Muerta is a significant geological area known for its substantial shale oil and gas reserves. By participating in this program, Chevron aims to secure benefits that will help bolster the country's energy output.