Stratas estimated timing of the new wells by month from 2019 to 2030 for ypf as well as other operators. Chevron, ypf continue development of vaca muerta shale in argentina. Vaca muerta is undoubtedly a substantial asset, but companies must identify the. Vaca muerta, argentinas new development frontier inter. This presentation contains statements that ypf believes constitute forwardlooking statements within the meaning of the us private. In the vaca muerta shale basin, fracking has caused leaks causing both air and water pollution. Quest for success in vaca muerta global business reports monday, february 1, 2016 8. Ypf, shell sign deal for vaca muerta pilot project. Nov 18, 2015 our inaugural vaca muerta development study offers groundbreaking economic analysis of argentinas massive vaca muerta shale. Ypf announced the discovery in november 2011 of an 8071 km 2 unconventional oil field, vaca muerta, with recoverable reserves of 22. Shale oil well integration from logs, core and pressures. Bottomset and foreset sedimentary processes in the mixed. Currently, ypf is producing around 110,000 boed in the vaca muerta shale, but ypf will quickly increase production to 365,000 boed by 2030, and the total production from vaca muerta shale could reach about 620,000 boed. There are currently more than 300 wells on production.
Cvx today confirmed that subsidiaries of the company have. Vaca muerta megaproject the fact that it is 100% stateowned, it plans to be listed on the buenos aires stock exchange in the near future. It comprises a rock unit with high values of toc, so it holds great potential as an unconventional shale gas and oil resource play. Cvx and ypf have increased their investment commitments in the vaca muerta oil shale oil reservoir, where madalena has interests in two blocks. The average thickness and reservoir pressure of formation is much higher than these two plays, clearly signifying enormous potential. This potent greenhouse gas heats the planet 86 times more intensely than co2 over a period of 20 years. Loma campana field, located in the neuquen basin, produces from the vaca muerta formation vm which is a shale oil reservoir. Ypf, shell sign deal for vaca muerta pilot project royal. Analyzing a suitable elastic geomechanical model for vaca muerta formation.
A worker walking near pipes used to extract shale oil and gas at ypfs loma campana oilfield in the southwest argentine province of neuquen. Vaca muerta meteorite for sale the meteorite exchange. In contrast, siliciclasticdominated facies occur in the picun leufu area, where wellexposed outcrops of the vaca muertapicun leufu mixed system occur. To increase productivity, companies in argentina will need to improve their understanding of.
Vaca muertas potential stacks up against successful shale plays of north america. This constitutes a unique opportunity for the country to become energetically selfsufficient, commenters agree 2 3. Mdr announced it has been awarded a sizeable contract by argentinabased ypf, s. Cvx today signed an agreement with affiliates of the argentine oil company ypf s. Mesosiderites are stonyiron space rocks that are a half and half mixture of nickeliron and rock. Cvx today confirmed that subsidiaries of the company have signed agreements with the argentine oil company ypf s.
Interference behavior analysis in vaca muerta shale oil. The ypf position vaca muerta play vaca muerta is present in an area of 30. Several studies focused on the most prolific central neuquen basin area gonzalez et al. Integrated geomechanical characterization for vaca muerta formation. Houston, july 19, 2019 prnewswire mcdermott international, inc. Wintershallgyp announced an agreement to explore for oil in the vaca muerta formation. Ypf argues that with the gradual reduction in production costs, a rise in output, and higher domestic oil prices, vaca muerta is still profitable. 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. This potent greenhouse gas heats the planet 86 times more intensely than. Ypfchevron loma campana concession, patagonia, argentina. Analyzing a suitable elastic geomechanical model for vaca. Methane leaks it was found that methane leaks often occur during operations in vaca muerta.
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. The industry is waiting for the collapse in prices to bring down the costs of international inputs and services, thus. A subsidiary of the company today signed an agreement with affiliates of the argentine oil company ypf s. Download fulltext pdf download fulltext pdf download fulltext pdf. A 2014 ypf update on vaca muerta laid out the industrys goals. Ypf and shell, along with oil majors chevron corp, total sa and bp unit pan american energy llc bppae. Securing the supply chain for developing vaca muerta. Master document template the university of texas at austin. The vaca muerta deal will also somewhat rebalance the almost monopolelike holding ypf had on the neuquen basin fields.
February 04, 2019 vaca muerta its fracking happening. Vaca muerta production to reach 1 kboed by 2018 wood. We divide the play into four subareas and use reported wellbywell data to forecast well economics and production. Not only do ypf and gyp share a similar ownership structure, they also provide an entry point for private investors. Pdf the main shale oil reservoir of argentina known as vaca muerta formation is. This presentation contains statements that ypf believes constitute forward looking statements within the meaning of the us private. Plunging oil prices wont kill vaca muerta inter press. Vaca muerta meteorite vaca muerta is a mesosiderite meteorite. Media in category vaca muerta oil field the following 28 files are in this category, out of 28 total.
Planeamiento energetico neuba i centro oeste neuba ii 2. Pdf integrated geomechanical characterization for vaca muerta. These specimens have been cleaned but left in a near natural state. Natural resource avilability can define a whole country development thesis. Mcdermott awarded prefeed contract by ypf for vaca muerta. Our inaugural vaca muerta development study offers groundbreaking economic analysis of argentinas massive vaca muerta shale. Ypf vetting is a professional team committed to ensure that vessels chartered by ypf, carrying ypf product or those operating in companys own terminals, fullycomply with the highest safety and quality standards that regulate international and local marit. Ypf that furthers the development of shale oil and gas resources from the vaca muerta formation located in the neuquen province. The first exploratory wells drilled in 2010 exhibited good production which resulted in a field wide development plan being executed. Vaca muerta is one of the most stable and trouble free of the mesosiderites. Print share thiswith others log in to post comments email this page vaca muerta is home to most of argentinas 27 bbbl of unconventional oil and 23 tcm 802 tcf of unconventional natural gas. Production from the seven most advanced developments in the vaca muerta play covering only 8% of play acreage, is expected to increase by 43% in 2017 to 77 kboed, and to double 2016 levels by 2018 to 1 kboed, according to our new vaca muerta development study. Vaca muertas geological characteristics seem comparable to the bakken and eagle ford shale plays in the united states. Vaca muerta development study report wood mackenzie.