Tenaris is increasing its fracking capacity in Vaca Muerta with a new investment in a third hydraulic fracking set. This follows earlier acquisitions in 2020 and 2024, making the company the third largest provider of fracking services in the region.
Tenaris has announced a significant investment to increase its well completion capacity in Vaca Muerta, Argentina, with the addition of a third hydraulic fracking set. This follows their previous acquisitions of fracking sets in 2020 and 2024. The expansion will fortify Tenaris’ position in the market as it emerges as the third largest provider of fracking services locally. The recent statement highlights the company’s commitment to growing its service capabilities in this pivotal region.
In summary, Tenaris is expanding its operations in Vaca Muerta by investing in a third fracking set, thereby enhancing its well completion capacity. This strategic investment marks a continued effort to solidify its standing as a major player in the local fracking service market, following earlier investments in 2020 and 2024. As such, Tenaris is poised to strengthen its operational footprint in Argentina’s shale gas landscape.
Original Source: www.marketscreener.com
