The oil company Viewthe second operator of shale oil from Argentina, this announced Wednesday an investment of US$1.1 billion in 2025 to speed up production Dead Cow. The company aims to connect 60 new wells to achieve total production of 100,000 boe/d (barrels of oil per day).
The announcement was made by Miguel Galucciopresident and CEO of Vista, during the presentation of third quarter results. According to the company, the update of the objectives It is tied to “three milestones” of 2024.
As first milestoneVisa reported being close to alachieve an average production of 85,000 boe/d in the fourth quarter of the year, which will represent an increase of more than 50% compared to the same period of the previous year. He second milestone is due to the crude oil transportation capacity. Visa assured that it is 124,000 boe/d by the end of 2025. Finally, They incorporated a third drilling rig and a second fracture set.
Vista was one of the first oil companies to export crude oil Dead Cow. In 2023, Vista invested around US$800 million in Vaca Muerta and by 2024 it expects to exceed US$1 billion.
The governor of Neuquén asked for more investment in Vaca Muerta to stabilize the macro and lift the stocks on the dollar
The governor of Neuquén, Rolando “Rolo” FigueroaLast Wednesday, he urged hydrocarbon businessmen to accompany investments in the sector with more works necessary to develop the province and He assured that the “only way” for Vaca Muerta to compete with the big oil and gas players is to “play as a team”, with “win-win” agreements.
“Neuquén is a province in which every four years the electoral future is settled through transparent elections. There are different proposals, different perspectives, different perspectives on how to generate public policies. What is not discussed is the State policy that we carry, which is hydrocarbons,” said the president in his opening speech at the AOG Patagonia 2024 carried out by the IAPG in Neuquén. “That is not discussed here,” he insisted, and He defended the legal security they provide in his district.
“The investor can be sure that he will invest in Neuquén, he knows what the rules of the game are going to be. It is very important to have a State that has a surplus, that is orderly, because it is very important to achieve social peace, that the rules of the game are clear, that when the businessman wants to invest he does not have any type of conflict. “Conflict delays, conflict makes you less efficient,” he assessed before an auditorium full of expo attendees, the main businessmen in the sector and dozens of officials.
Source: Ambito
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