05:39 PM EST, 12/05/2024 (MT Newswires) -- Chevron ( CVX ) and Shell (SHEL) are in discussions with a group of drillers led by YPF SA to have equity interests in the approximately $3 billion Vaca Muerta Sur oil export project in Argentina, Bloomberg reported Thursday, citing people familiar with the matter.

The project is aimed at building a cross-country pipeline and Atlantic port, the people told Bloomberg. Both Shell and Chevron ( CVX ) have assets in the Vaca Muerta formation, the report added.

The companies declined to comment to Bloomberg.

Shell didn't immediately respond to MT Newswires' request for comment, while Chevron ( CVX ) said it "does not comment on commercial matters."

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