Tenaris has invested in a third fracking set at Vaca Muerta to enhance its well completion capacity, having already acquired two prior sets. This positions the company as the third largest provider of fracking services in Argentina.

Tenaris has announced an investment to enhance its fracking capacity in Vaca Muerta, introducing a third set of fracking equipment. This addition follows the prior acquisitions of hydraulic fracking sets in 2020 and 2024, demonstrating a commitment to advancing operations in the region. As a result of these developments, Tenaris has positioned itself as the third largest supplier of fracking services within the local market.

In summary, Tenaris’ investment in a third fracking set at Vaca Muerta signifies its strategic expansion in oil and gas services. This move, along with previous acquisitions, consolidates its status among the top fracking service providers in Argentina, reflecting a robust growth strategy in the region.

Original Source: www.marketscreener.com