Fiscal oilfields is a vertically integrated argentine energy company, engaged in oil and gas exploration and production, and the transportation, refining, and marketing of gas and petroleum products. Ypf executive says vaca muerta shale could produce 300,000 barrelsday in. Ypf, pae, wintershall y total anuncian inversion conjunta en. This is a significant step in our subsidiaries joint efforts with ypf to develop one of the most exciting shale plays in the world today, said george kirkland, vice chairman of chevron corporation.
Prerelease edition argentina oil and gas global business. Optimism and activity rising in the vaca muerta foro gapp. Few estimates for vaca muertas resources exist and ypfs is a preliminary take, but the 7. Vaca muerta, argentinas new development frontier inter. This deal is just one of 10 pilots that ypf is planning to launch in 2017. Apr 25, 2017 12 charts and tables forecasting future production based on the uplifted and highperformance scenarios, including how vaca muerta can close argentinas natural gas demand gap. Ypf to disclose contract clauses with chevron in vaca muerta september 23, 2016 company news, news, south america, unconventionals 0 argentinas staterun oil company, ypf, said it will disclose the clauses of its investment deal with u. Vaca muerta can contribute to argentinas regional and national. Ypf is a company made up of people, and without their effort and commitment it. From a total of 800 trillion cubic feet of estimated resources, around 27 % are 5 assigned to vaca muerta stinco and barredo, 2014. Vaca muerta development study report wood mackenzie. The preliminary agreement term sheet between both companies was signed by statoil executive vice president for exploration tim dodson and ypfs vice president of business development sergio. According to ypf, which has been assigned 12,000 sq km of the 30,000 sq km in vaca muerta, the recoverable potential is 802 trillion cubic feet of gas and 27 billion barrels of oil. Sep 19, 2014 the vaca muerta shale formations holds enormous amounts of hydrocarbons that can be used to reverse argentinas production decline.
A total of 450 production wells are in operation in argentinas vaca muerta shale formation as of february 2016, of which 90% were drilled since 20. The same could happen with gazprom if its partnership agreement with ypf is finally signed. Update 1argentinas ypf sees 1,181 tcf shale gas in vaca muerta. European companies set to conquer vaca muerta ejes.
A worker walking near pipes used to extract shale oil and gas at ypfs loma campana oilfield in the southwest argentine province of neuquen. It is well known as the host rock for major deposits of shale oil and shale gas the large oil discovery in the vaca muerta formation was made in 2010 by the. The reservoir, located in the neuquen basin, has been. Over the last century, companies like ypf, argentinas national oil company, and. Statoil and ypf sign agreement to explore vaca muerta.
Merge of ypf with astra an argentinean company owned by repsol since 1996. Ypf announced the discovery in november 2011 of an 8071 km 2 unconventional oil field, vaca muerta, with recoverable reserves of 22. Update 1argentinas ypf sees 1,181 tcf shale gas in vaca. Nov 18, 2015 our inaugural vaca muerta development study offers groundbreaking economic analysis of argentinas massive vaca muerta shale. Repsol ypf according to resources auditor ryder scott raises its hydrocarbons reserves and resources estimate in the vaca muerta play to 22. Pgr was created in 2017, and is a result of the merger of different. Chevron has signed a billion dollar deal with ypf to develop the. Ypf executive says vaca muerta shale could produce 300,000 barrelsday in 10. Jun 27, 2019 a century ago, an american geologist speculated that in the arid steppe found in the andes mountains, in the far west of argentine patagonia, the shale formation known as vaca muerta contained a huge amount of oil and gas. The first was having a portfolio of assets diversified in all fluid windows but with the focus in the gas window. Core vaca muerta shale oil acreage 54,000 topquality net acres located next. Lnggtl, mergers and acquisitions, economics and project finance, unitization and. Our inaugural vaca muerta development study offers groundbreaking economic analysis of argentinas massive vaca muerta shale. Dry gas prospect vaca muerta basin neuquen province, argentina.
Argentinas vaca muerta finally produces oil logistics. Core vaca muerta shale oil acreage 54,000 topquality net acres located next to ongoing shale developments and completed pilots 3 operational cluster proximity of blocks and overlap of future vaca muerta development and current conventional operation is key to efficient fasttrack development. However, the term was not firmly used, until a meeting of ypf geologist fossa mancini et al. A century ago, an american geologist speculated that in the arid steppe found in the andes mountains, in the far west of argentine patagonia, the shale formation known as vaca muerta contained a huge amount of oil and gas. The decision announced by ypf ends a court contract confidentiality battle the company faced in the past year. As soon as the engineers confirmed these suspicions, a race began for the exploration and production of shale. Tables and charts this report includes 1 images and tables including. Vaca muerta development study 2017 report wood mackenzie. Ypf to disclose contract clauses with chevron in vaca muerta. The aim of this paper is to present the stage of knowledge about these units based on published. The preliminary agreement term sheet between both companies was signed by statoil executive vice president for exploration tim dodson and ypfs vice president of business. Ypf president miguel gutierrez left and shell argentina president teofilo lacroze signing a new joint venture that will see the latter firm investing usd 300 million on a new unconventional pilot program in the vaca muerta. Ypf executive says vaca muerta shale could produce 300,000barrelsday in 10 years 2012.
Next big shale play, the vaca muerta formation in argentina. Ypf announced it signed an agreement with norwegian company statoil for the joint exploration of the bajo del toro block, located in the unconventional hydrocarbon formation vaca muerta. There are a lot of companies watching chevron and ypf in argentina the performance of. Jul 24, 20 few estimates for vaca muertas resources exist and ypfs is a preliminary take, but the 7. Merge contracts from acquired entities and introduce new payforperformance. The vaca muerta shale formations holds enormous amounts of hydrocarbons that can be used to reverse argentinas production decline.
Its multipurpose agents combine essential compounds that clean and protect the. We divide the play into four subareas and use reported wellbywell data to forecast well economics and production. Significant joint exposure to the high quality vaca muerta shale. Argentinas staterun oil company, ypf, said it will disclose the clauses of its investment deal with u. It is well known as the host rock for major deposits of shale oil and shale gas. Ypf y chevron amplian sus operaciones en vaca muerta.
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