the project that contributed almost half of the oil added in one year

2023-11-06 03:20:00

After several months, Vaca Muerta reached a new historical record for oil production in September and There is an area that explains almost half of all the volume that training added in a year. With the aim of expanding crude oil export capacity, This is a block that added more than 21,000 barrels to its daily production.

According to official data from the National Energy Secretariat, Vaca Muerta reached production of 305,000 barrels of oil shale per day, during September. It is the highest record for training to date, and represented a year-on-year increase of more than 18%.

In September of last year, the extractions of shale oil were about 258,000 barrels per day, which means that, in one year, Vaca Muerta added more than 46,000 barrels of oil to its daily production.

46.000
barrels of oil Vaca Muerta added to its daily production in September of this year.

According to the reports of the portfolio led by Flavia Royon, andThe area of ​​Vaca Muerta that added the most production in that period was La Amarga Chicaoperated by YPF in partnership with the Malaysian Petronas. The block added 21,500 barrels to its daily extractions, which means more than 46% of all new volume added in one year.

Specifically, the block grew by 56% and went from pumping about 38,300 barrels per day to the current 59,800 barrels per day. It is only behind Loma Campana, the main area of ​​YPF and Vaca Muertawhich contributed 73,700 barrels per day in September.

56%
This is how the La Amarga Chica block increased its production in one year.

It is a key area for both the company and for training and, in addition to being the second most important in terms of production, it is where the company is building the largest tank farm dedicated to shale. There are two megatanks with the capacity to store 170,000 barrels each.

The tank farm will have two units with a capacity of 170,000 barrels. Photo: courtesy of YPF.

La Amarga Chica is precisely the area where the Vaca Muerta North Pipeline departse, which connects the shale heart of the formation with the historic Sitio Hernández block and the head of the Transandino Oil Pipeline (Otasa) that goes to Chile.


Vaca Muerta: the other areas that grew


As noted above, in one year Vaca Muerta added 46,700 barrels per day to its daily extractions.

Taking into account only the top five oil producing blocks of Vaca Muerta, the one that registered the greatest growth was La Amarga Chica that added 21,500 barrels per day to its daily extractions. It closed September with an average level of 59,800 per day.

To monitor the data, in addition to the reports from the Ministry of Energy, a report from the consulting firm Economía y Energía led by Nicolás Arceo was used.

59.800
barrels per day is the average production that La Amarga Chica recorded during September.

Of this list, the second area that added the most barrels was Bandurria Sur, also operated by YPF, which added 7,000 barrels. It reached 37,200 barrels per day in the year, and was the third largest production in Vaca Muerta.

Fourth place went to Shell’s Cruz de Lorena, which added 1,500 barrels to its daily extractions and It closed September in fifth place in the ranking with 13,000 barrels per day.

Of the top five areas that grew in September, Loma Campana was the one that added the fewest barrels: it barely added 500 barrels to its daily extractions, However, they did not prevent it from continuing to be the most important with a daily average of 73,700 per day.

The only block in the top five that lost barrels over the course of a year was Bajada del Palo Oeste from Miguel Galuccio’s oil company, Vista. In September it averaged 33,900 barrels per day, which meant a drop of 800 barrels.

The rest of the formation blocks that provide oil volumes, together, added 17,000 barrels in one year. Together, they explain the 46,700 extra barrels that allowed Vaca Muerta to reach the record of 305,000 barrels per day in September.


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