“In this energy transition we cannot miss the opportunity to develop unconventional oil and gas“, he assured and specified that “the projection is to exceed 308,000 barrels of oil per day this year, to reach 420,000 by the end of 2023, while the goal eight years from now is about 700,000 barrels per day, with which the province would triple its current production”.
He also highlighted the projection in gas production by pointing out that “the estimate for 2030 is 140 million cubic meters per day, to meet the demands and to be able to arrive with the strengthening of the export path to the regional market; i.e. Chile, Brazil, Uruguay“.
The Neuquén governor anticipated that “this year we expect 5 billion dollars of investment, but an optimum investment would be 10 billion dollars a year.”
The current panorama in Vaca Muerta
Summarizing the current panorama of the Vaca Muerta exploitation, he indicated that “a third of the 30,000 square kilometers of Vaca Muerta is in 43 concessions, distributed from the epicenter in Añelo to San Patricio del Chañar and now to the North.” .
“Of those 43 concessions, 23% are under massive development“So, of the total area of Vaca Muerta today, 8% is under massive development, less than one kilometer out of 10, so its potential is simply immense,” he said.
As part of his activities in Houston, Gutiérrez planned to visit the Exxon company campus, where a presentation on energy transition, reduction of CO2 emissions and a visit to the oil company’s laboratory will be made.
Source: Ambito
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