Ypf executive says vaca muerta shale could produce 300,000 barrelsday in 10. 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. Ypf is a company made up of people, and without their effort and commitment it. Jul 24, 20 few estimates for vaca muertas resources exist and ypfs is a preliminary take, but the 7.
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. Vaca muerta, argentinas new development frontier inter. Dry gas prospect vaca muerta basin neuquen province, argentina. Argentinas staterun oil company, ypf, said it will disclose the clauses of its investment deal with u. From a total of 800 trillion cubic feet of estimated resources, around 27 % are 5 assigned to vaca muerta stinco and barredo, 2014. 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. Communication of the discovery of vaca muerta shale oil. 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. Argentinas vaca muerta finally produces oil logistics. 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. 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. The vaca muerta shale formations holds enormous amounts of hydrocarbons that can be used to reverse argentinas production decline. We divide the play into four subareas and use reported wellbywell data to forecast well economics and production. Vaca muerta development study 2017 report wood mackenzie.
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. 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. Repsol ypf according to resources auditor ryder scott raises its hydrocarbons reserves and resources estimate in the vaca muerta play to 22. 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. Over the last century, companies like ypf, argentinas national oil company, and. Prerelease edition argentina oil and gas global business. It is well known as the host rock for major deposits of shale oil and shale gas. 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. Significant joint exposure to the high quality vaca muerta shale. Tables and charts this report includes 1 images and tables including. Ypf y chevron amplian sus operaciones en vaca muerta.
Optimism and activity rising in the vaca muerta foro gapp. European companies set to conquer vaca muerta ejes. Statoil and ypf sign agreement to explore vaca muerta. Ypf executive says vaca muerta shale could produce 300,000barrelsday in 10 years 2012. Vaca muerta development study report wood mackenzie.
The same could happen with gazprom if its partnership agreement with ypf is finally signed. Nov 18, 2015 our inaugural vaca muerta development study offers groundbreaking economic analysis of argentinas massive vaca muerta shale. Pgr was created in 2017, and is a result of the merger of different. Few estimates for vaca muertas resources exist and ypfs is a preliminary take, but the 7. The first was having a portfolio of assets diversified in all fluid windows but with the focus in the gas window. This deal is just one of 10 pilots that ypf is planning to launch in 2017. Chevron has signed a billion dollar deal with ypf to develop the. Its multipurpose agents combine essential compounds that clean and protect the. There are a lot of companies watching chevron and ypf in argentina the performance of. Vaca muerta can contribute to argentinas regional and national.
Ypf announced the discovery in november 2011 of an 8071 km 2 unconventional oil field, vaca muerta, with recoverable reserves of 22. Our inaugural vaca muerta development study offers groundbreaking economic analysis of argentinas massive vaca muerta shale. Sep 19, 2014 the vaca muerta shale formations holds enormous amounts of hydrocarbons that can be used to reverse argentinas production decline. 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. 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. 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. Apr 11, 2014 vaca muerta formation located in the neuquen province in argentina. Next big shale play, the vaca muerta formation in argentina. Merge of ypf with astra an argentinean company owned by repsol since 1996. Ypf executive says vaca muerta shale could produce 300,000 barrelsday in. Ypf to disclose contract clauses with chevron in vaca muerta. As soon as the engineers confirmed these suspicions, a race began for the exploration and production of shale. 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.
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. Core vaca muerta shale oil acreage 54,000 topquality net acres located next. A worker walking near pipes used to extract shale oil and gas at ypfs loma campana oilfield in the southwest argentine province of neuquen. Ypf, pae, wintershall y total anuncian inversion conjunta en. The aim of this paper is to present the stage of knowledge about these units based on published.