YPF and Petronas ratified the beginning of the huge growth section of the shale oil challenge that they’re finishing up in La Amarga Chica block within the Neuquén province of Argentina.
For the following four years, each corporations plan to speculate greater than 2.300 million , which constitutes the second largest direct funding of YPF for the event of unconventional in Argentina. The purpose is to succeed in by 2022 a manufacturing of 60,000 barrels of oil equal per day. The challenge contemplates a growth that would contain an funding of as much as 7,000 million till the completion of the challenge and attain a manufacturing stage of 75,000 barrels equal.
In this fashion, La Lamaraga Chica turns into the third challenge that the corporate manages to cross to the stage of huge growth, after Loma Campana and El Orejano.
“We are pleased with the strong relationship we have now established with Petronas all through the three pilot phases, wherein we exceed the proposed goals. This identical hyperlink, along with the information and expertise acquired within the block, is what ensures our success within the stage we’re asserting in the present day: the huge growth section of La Amarga Chica, “stated Miguel Gutiérrez.
From the primary effectively drilled in May 2015, the pilot challenge of La Amarga Chica went by three phases that demanded a joint funding of 550 million . Thirty-three wells have been accomplished and a manufacturing of 9,800 barrels of oil equal per day was achieved.
This new milestone within the growth of the unconventional of the nation was formalized in a gathering that was attended by the representatives of each companions of UT La Amarga Chica. (Source and picture: YPF/drilling rig in Neuquen Province)

The put up ARGENTINA: PETRONAS AND YPF TO INVEST $2.three BILLION IN LA AMARGA CHICA appeared first on Energy Global News.

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