Tenaris is increasing its fracking capacity in Vaca Muerta by adding a third set, following earlier acquisitions in 2020 and 2024. This positions Tenaris as the third largest fracking service provider in Argentina.
Tenaris has announced its plans to enhance its operational capacity in Vaca Muerta by adding a third hydraulic fracking set. This follows previous acquisitions of fracking sets in 2020 and 2024, demonstrating Tenaris’s commitment to bolstering its services in the region. With this latest investment, the company solidifies its position as the third largest provider of fracking services in the Argentine market, according to the official statement.
In summary, Tenaris is strategically expanding its capacity at Vaca Muerta with the addition of a third fracking set, further establishing its competitive presence in the local market as the third largest provider. This investment reflects the company’s ongoing commitment to the growth of its services in Argentina.
Original Source: www.marketscreener.com
