Wednesday, December 07, 2022

Vaca Muerta: Activity rises 25% in October and hits record high

Vaca Muerta: Activity rises 25% in October and hits record high

After falling in September, activity in Vaca Muerta rose again in October, once again reaching record levels. This follows a private report that showed fracture levels climbed up to 25.5% in the south of the country.

According to a monthly report prepared by Luciano Fusello, Country Manager of NCS Multistage Company, 1,236 fracture stages were carried out at Vaca Muerta during the past month, one of the highest levels in history. For example, the record was in August, when 1,379 punctures were performed.

As experts in this field point out, measurement of fracture phases is one of the parameters currently used to evaluate the activity level of Vaca Muerta.

According to the report, eight companies carried out fracturing work in their Waka Murta wells during October. In this context, YPF leads the list with 553 punctures.

TechPetrol came third with a total of 174 stages, and PlusPetrol with 127. It was followed by PAE (114), Phoenix Global Resources (88), Total Australia (77), Shell (60), and Pampa Energia. (43).


As explained by Roberto Carnisser, director of the energy sector at the Australian University’s Faculty of Engineering, “the same current production level remains the same as of August 2019.” “In other words, the production level is recovering, as we have a steep decline in conventional production, but the total production for the last month is slightly higher than in August 2019,” said the expert.

“There are two distinct reasons: one is exports, both for gas and crude. And the other, domestic demand, depends on the capacity of the gas pipeline. This justifies the pace that, after falling sharply, only Started to rebound in early 2021, reaching a very dizzying and high rate,” Carnisser said.

In this sense, the expert highlighted that infrastructure would be crucial to be able to take advantage of the potential of shale formation: “The roof of Vaca Muerta can be supplied by demand. Vaca Muerta sealing is not in terms of supply.” , but in terms of demand: it is limited in terms of capacity of gas pipelines, whether for export or in Argentina.

When analyzing the development of activity and production in Vaca Muerta, the Secretary of Energy, Flavia Royón, during her participation in the recent mbito debate cycle, explained: “Today due to various circumstances the productivity level of Vaca Muerta is at a high. World’s best Among the players. This year, an increase in activity in Vaca Muerta is a reality. Shale oil production in relation to the year grew by about 46% and we expect an increase in activity of the order of 40% for the next year.

“We are working to capitalize on the opportunities we have with shale gas: Vaca Muerta is the second largest reserve in the world. First, in guaranteeing competitive gas for Argentina’s energy matrix, not only for homes but our Also as an input for the industrial development of the country. And also the opportunity of this sector, which we have imports today, can be converted into an export sector. And we understand that we have the potential to do so in the years to come. There is potential and this sector is clearly an exporter.”

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