OEF Rapid Review
Vaca Muerta is the most developed shale play outside North America and has attracted over $9 billion in capital investments since 2010 to drill nearly 700 wells in the play. According to Rystad Energy it is of utmost importance for Argentina and the shale industry in general. Spending in Vaca Muerta is expected to increase yearly 35% in both 2017 and 2018 to reach approximately US$2 billion per year.
In the coming years, the production from the play is expected to increase 32% annually to reach 165 thousand barrels of oil equivalent per day in 2020 with around 65% gas content.
LINK TO THE SOURCE ARTICLE:
Vaca Muerta Shale: Argentina’s Jewel
