Argentina’s Vaca Muerta shale play reached a new oil production record of 400,000 barrels per day (bpd) in the third quarter and is on track to hit 1 million bpd by 2030, according to Rystad Energy’s latest analysis. The 35% year-on-year surge in third-quarter production was driven by improved productivity and expanded takeaway capacity, led by flagship operator Yacimientos Petrolíferos Fiscales (YPF) and bolstered by local independent producers.To sustain this growth, Argentina is investing heavily in energy infrastructure to address bottlenecks.
December 01, 2024
SOURCE: OIL PRICE
Argentina’s Vaca Muerta Shale Set to Hit 1 Million Bpd by 2030