Mexican listed firm Vista Energy, Argentina's second-largest shale oil producer behind state-owned YPF, said on June 11 it will import a new fracking set to accelerate its activity in the Vaca Muerta shale formation.
Vista sealed an agreement with SLB for the new equipment expected for the second half of the year.
"A fundamental part of our drilling plan in Vaca Muerta is the incorporation of equipment with the highest technology, which allows us to be more efficient when it comes to achieving our production targets," Juan Garoby, co-founder and COO of Vista, said in a statement.
The company expects to reach an output of 85,000 boe/d by the end of this year.
Vaca Muerta, which houses the world's second-largest shale gas reserve and fourth largest for shale oil, is Argentina's hope to reverse a significant deficit in the energy trade balance and become a net energy exporter.
Vista said in February that it plans to reach 100,000 boe/d by 2026, and 150,000 boe/d by 2030.
Recommended Reading
E&P Highlights: Feb. 24, 2025
2025-02-24 - Here’s a roundup of the latest E&P headlines, from a sale of assets in the Gulf of Mexico to new production in the Bohai Sea.
E&P Highlights: March 24, 2025
2025-03-24 - Here’s a roundup of the latest E&P headlines, from an oil find in western Hungary to new gas exploration licenses offshore Israel.
E&P Highlights: Jan. 27, 2025
2025-01-27 - Here’s a roundup of the latest E&P headlines including new drilling in the eastern Mediterranean and new contracts in Australia.
Murphy’s Vietnam Find May Change Investor Views, KeyBanc Analysts Say
2025-01-09 - The discovery by a subsidiary of Murphy Oil Corp. is a reminder of the company’s exploration prowess, KeyBanc Capital Markets analysts said.
CNOOC Makes Oil, Gas Discovery in Beibu Gulf Basin
2025-03-06 - CNOOC Ltd. said test results showed the well produces 13.2 MMcf/d and 800 bbl/d.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.