Search
Tuesday, December 06, 2022

They highlight that Vaca Murta is more productive than similar wells in the US.

They highlight that Vaca Murta is more productive than similar wells in the US.

dead cow dollar.jpg

credit: run run energetic

according to the report2019 check concluded that the geological properties of Vaca Muerta were comparable to major formations in the United States and that It was a promising site”, when comparing it In 2022, “the average technical break-even point for Waka Murta wells is in line with Major unconventional areas in the United States.

When talking about productivity, McKinsey & Company highlights that Vaca Muerta exceeds the output of a similar well in the Permian Formation in the first 90 days, the main shale oil play in the United States, based in Delaware. “In 2011, the Waka Murta well He achieved maximum production of 82 thousand barrels of oil against Delaware’s 76 thousand. The last three annual campaigns have also produced a 23% higher cumulative output,” the report states.

waka murta field

Waka Murta Field

He

Another point highlighted in the report is that Vaca Muerta shale is in the mild category of oils And it has a low sulfur content, especially less than 0.5%. This makes it easier to refine and produce gasoline, Improvement in export opportunities made of fuel.

“The reason is that Vaca Muerta oil could be placed in markets like Europe (France, Italy and the United Kingdom), o asia oriental (China, Korea and Singapore),” McKinsey explains: “It’s because of the similarity to lighter US crude.”

dead cow.jpg

Dead Cow.

Argentina.gob.ar

The advisor has warned that Deposits “will need at least $45 billion over the next 10 years” for the development needed, but also that it “could help to remove infrastructure bottlenecks, and be encouraged by a reduction in the exposed risk profile.” to take advantage, The economic impact of Vaca Muerta could generate between US$58 billion and US$70 billion in revenue. With a higher level of activity, it will also increase The share of industry in GDP is expected to go up to 8.4% by 2032 from the current 1.4%.

World Nation News is a digital news portal website. Which provides important and latest breaking news updates to our audience in an effective and efficient ways, like world’s top stories, entertainment, sports, technology and much more news.

Latest News

Related Stories

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Thanks for submitting your comment!