Oil Economy Focus Rapid Review
“We are not going to stop until we export US$ 30 billion in gas and oil from Vaca Muerta,” said Argentina president Mauricio Macri. The country is trying to double production in the in the province of Neuquen, aiming to pump 260 million cubic meters of gas daily within five years, and of this 100 million cubic meters per day would be destined for international markets. In June, companies in Vaca Muerta – one of the largest non-conventional oil and gas formations in the world – increased oil production by 5% compared with the same month last year. Gas production increased 8.2% over the same period.
LINK TO THE SOURCE ARTICLE: Argentina: Doubling shale gas production in five years
