E&P Plays Start to Pay Off and Upstream Infrastructure Can't Grow Fast Enough
Welcome to our latest newsletter, where we'll bring you up to speed on the latest happenings in the industry. Here's a brief summary of what's been going on:
1?? Vaca Muerta: Argentina's Vaca Muerta shale formation continues to make headlines, with several key developments. Companies like YPF, Shell, and Tecpetrol are highlighting the potential for production tripling if access to the dollar improves. Furthermore, Vaca Muerta is witnessing increased production, exports, and profitability, with YPF achieving record production by tertiary methods in Manantiales Behr.
2?? Offshore Exploration: Mar del Plata is preparing for offshore exploration to meet the growing industry demand. A collaboration between YPF and Equinor successfully overcame a provincial barrier that was hindering geological studies.
3?? Gas Exports: YPF is set to begin exporting gas to Chile, marking a milestone in Argentina's efforts to resume gas exports after a 17-year hiatus. Pampa Energía also plans to increase its gas exports to Chile during the winter season.
4?? Infrastructure Developments: The construction of gas pipelines connecting Vaca Muerta to different regions of Argentina is underway, with ongoing works for the gas pipeline to the northern part of the country. The second stage of the project aims to save substantial costs.
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5?? Production and Technology: Companies such as Vista and Halliburton are making significant strides in production, showcasing positive results from wells in Vaca Muerta. The implementation of advanced drilling techniques and technologies remains crucial for maximizing productivity.
6?? Industry Challenges: Import restrictions have caused concerns for SMEs in Vaca Muerta, as they face difficulties in importing necessary equipment. Additionally, the sector has been closely monitoring the impact of international shale gas producers, particularly in the United States, and exploring ways to navigate the challenges they pose.
Stay tuned for more exciting updates in our upcoming newsletters as we continue to track the dynamic landscape of the Oil and Gas sector!
If you have any suggestions, news, or events you'd like us to cover, please feel free to reach out and share your insights. Together, let's stay informed and drive innovation in the industry!