Argentinas vaca muerta finally produces oil logistics. As soon as the engineers confirmed these suspicions, a race began for the exploration and production of shale. 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. The first was having a portfolio of assets diversified in all fluid windows but with the focus in the gas window. The vaca muerta formation, commonly known as the vaca muerta spanish for dead cow is a geologic formation of late jurassic to early cretaceous age, located in the neuquen basin in northern patagonia, argentina. Chevron has signed a billion dollar deal with ypf to develop the. Ypf, pae, wintershall y total anuncian inversion conjunta en. We divide the play into four subareas and use reported wellbywell data to forecast well economics and production. Vaca muerta, argentinas new development frontier inter. Ypf is a company made up of people, and without their effort and commitment it. Its multipurpose agents combine essential compounds that clean and protect the. Core vaca muerta shale oil acreage 54,000 topquality net acres located next. Ypf y chevron amplian sus operaciones en vaca muerta.
Repsol ypf according to resources auditor ryder scott raises its hydrocarbons reserves and resources estimate in the vaca muerta play to 22. The decision announced by ypf ends a court contract confidentiality battle the company faced in the past year. Jul 24, 20 few estimates for vaca muertas resources exist and ypfs is a preliminary take, but the 7. Nov 18, 2015 our inaugural vaca muerta development study offers groundbreaking economic analysis of argentinas massive vaca muerta shale. Vaca muerta development study 2017 report wood mackenzie.
Pgr was created in 2017, and is a result of the merger of different. Next big shale play, the vaca muerta formation in argentina. Argentinas staterun oil company, ypf, said it will disclose the clauses of its investment deal with u. Our inaugural vaca muerta development study offers groundbreaking economic analysis of argentinas massive vaca muerta shale. Ypf executive says vaca muerta shale could produce 300,000 barrelsday in 10. It is well known as the host rock for major deposits of shale oil and shale gas. Update 1argentinas ypf sees 1,181 tcf shale gas in vaca.
Significant joint exposure to the high quality vaca muerta shale. 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. Ypf executive says vaca muerta shale could produce 300,000barrelsday in 10 years 2012. Vaca muerta development study report wood mackenzie. 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. Tables and charts this report includes 1 images and tables including. Prerelease edition argentina oil and gas global business. The same could happen with gazprom if its partnership agreement with ypf is finally signed.
Statoil and ypf sign agreement to explore vaca muerta. Merge contracts from acquired entities and introduce new payforperformance. Few estimates for vaca muertas resources exist and ypfs is a preliminary take, but the 7. European companies set to conquer vaca muerta ejes. Vaca muerta can contribute to argentinas regional and national. Communication of the discovery of vaca muerta shale oil. Update 1argentinas ypf sees 1,181 tcf shale gas in vaca muerta. Optimism and activity rising in the vaca muerta foro gapp. 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. There are a lot of companies watching chevron and ypf in argentina the performance of. Ypf to disclose contract clauses with chevron in vaca muerta. 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. 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.
Merge of ypf with astra an argentinean company owned by repsol since 1996. Dry gas prospect vaca muerta basin neuquen province, argentina. 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. Over the last century, companies like ypf, argentinas national oil company, and. Ypf executive says vaca muerta shale could produce 300,000 barrelsday in. Apr 11, 2014 vaca muerta formation located in the neuquen province in argentina. The reservoir, located in the neuquen basin, has been. 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.
However, the term was not firmly used, until a meeting of ypf geologist fossa mancini et al. 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. The aim of this paper is to present the stage of knowledge about these units based on published. 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. Ypf announced the discovery in november 2011 of an 8071 km 2 unconventional oil field, vaca muerta, with recoverable reserves of 22. 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. This deal is just one of 10 pilots that ypf is planning to launch in 2017. 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. From a total of 800 trillion cubic feet of estimated resources, around 27 % are 5 assigned to vaca muerta stinco and barredo, 2014. Sep 19, 2014 the vaca muerta shale formations holds enormous amounts of hydrocarbons that can be used to reverse argentinas production decline. 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. Lnggtl, mergers and acquisitions, economics and project finance, unitization and.
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