Argentina ///

Shaletech: Argentina

Jim Redden, Contributing Editor

Feds, IOCs breathe new life into ‘Dead Cow’

BP, Bridas to combine PAE and Axion Energy, forming new integrated energy company

BP today announced that it has agreed with Bridas Corporation to form a new integrated energy company by combining their interests in the oil and gas producer Pan American Energy (PAE) and the refiner and marketer Axion Energy in a cash-free transaction.

YPF CEO resigns as oil company readies asset sales, shale focus

Ricardo Darre, CEO of YPF SA, has resigned as Argentina’s largest oil producer prepares to sell at least $1 billion in assets and focus on developing the world’s second-biggest reserve of shale gas.

Sustained global recovery in land drilling forecast by Westwood Global Energy Group

The recovery in the global land drilling market, led by North America, is being sustained, according to first half figures from Westwood Global Energy Group, energy market research consultancy firm. The drive, both in the U.S. and internationally, for drilling wells with longer laterals and on multi-well pads, is creating demand for high-horsepower, modern rigs that can minimize time between each well.

Statoil, YPF sign onshore exploration agreement for Argentina's Vaca Muerta

Statoil and Argentina’s leading energy company YPF have entered into an agreement to jointly explore hydrocarbons in the Bajo del Toro block in the Neuquén basin onshore Argentina.

GeoPark, Wintershall strike oil in Neuquen basin, Argentina

GeoPark Limited and Wintershall Energía S.A., a subsidiary of the BASF group, the fourth-largest gas producer in Argentina with over 15 blocks, have announced the discovery of a new oil field in the CN-V block (GeoPark 50% WI, Wintershall 50% WI) in the Neuquen basin, Mendoza Province of Argentina.

Oil & Gas in the Capitals

Mauro Nogarin, Contributing Editor

Notwithstanding Latin America’s limited economic growth, exploration investments are the common denominator in the region’s major oil and gas plays.

Total, BP unit, YPF announce $1.15-billion investment in Argentina's Vaca Muerta

Argentina's state-run oil firm YPF SA, France's Total SA, Wintershall Energía SA and BP unit Pan American Energy LLC announced a $1.15-billion joint investment on Tuesday to increase shale gas production.

President Energy provides update on Argentina work-over program

President Energy, the upstream oil and gas company provides an update on its work-over program at its Puesto Guardian Concession, Argentina.

Petrobras starts production on platform P-66 in Santos Basin's pre-salt Lula Field

Petrobras and its partners in the BM-S-11 Consortium have started producing oil and natural gas from the Santos Basin’s pre-salt Lula Sul field.

Wintershall starts first pilot well in Argentina’s Bandurria Norte field

Wintershall has launched its second operated shale oil pilot project in Argentina (100% working interest). The company has spud the first of three horizontal pilot wells in the Bandurria Norte block, which is located in the western Argentinean province of Neuquén.

Regional Report: Latin America

Emily Querubin, World Oil

Latin America schleps forward on its quest for recovery

Production from Argentina's Vaca Muerta to reach 113,000 boed by 2018, Wood Mackenzie says

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 77,000 boed, and to double 2016 levels by 2018 to 113,000 boed, according to the new Vaca Muerta Development Study by Wood Mackenzie.

Total to invest $500 million to produce shale gas in Argentina

Total SA will spend $500 million over three to four years to develop a shale-gas field in Argentina as the country’s government lures investors by pledging a minimum price.

Argentina's push to mimic Permian success faces long road ahead

Argentina’s Vaca Muerta, one of the largest shale formations outside of North America, offers tons of promise for the country’s energy future. Just don’t hold your breath waiting for it.

Schlumberger enters JV with YPF to begin shale oil pilot project in Vaca Muerta

Schlumberger President of Operations, Patrick Schorn, and YPF Chairman, Miguel Ángel Gutiérrez, have signed an agreement to start a shale oil pilot project in Bandurria Sur Block in Vaca Muerta, Neuquén.

Packers Plus, CGC complete first well with ball-activated technology in Southern Argentina

Packers Plus Energy Services Inc. recently worked with Compañía General de Combustibles (CGC) to complete a 10-stage StackFRAC HD multi-stage system, the first well completed with ball-activated technology in southern Argentina's Santa Cruz province.

President Energy provides Argentina operations update

Further to the Company’s announcement on March 10, 2017, President Energy has announced that the second workover of a previously producing well, DP1001, at Dos Puntitas field, has achieved successful production substantially ahead of rates prior to it being shut-in.

Wintershall to continue production growth

Wintershall attained 165 MMboe in 2016, a historic level for the company, despite the difficult conditions in the industry. This means the company has increased its oil and gas production in the last 10 years by around 50%. During that time, Wintershall has doubled its commercially recoverable oil and gas reserves from 814 MMboe to 1.62 Bboe.

Madalena Energy begins drilling Vaca Muerta shale at Coiron Amargo Sur Este

Madalena Energy Inc. has announced the commencement of the first horizontal multi-frac re-entry in the Vaca Muerta shale formation at Coiron Amargo Sur Este (CASE).