Vaca Muerta drives the production of Oil & Gas. Throughout the fourth quarter of 2024, the company reported an average daily production of 85,276 BOE/D.
Viewsecond operator unconventional oil from Argentina, He informed markets that their proven and estimated reserves (P1) of oil and gas, as of December 31, 2024, reflected an interannual increase of 18%totaling the 375.2 mmboe. Additions to P1 reserves were 82.2 mmboe, with a 323%reservations replacement index.
“For 2024, we accelerate the activity in our development hub in Vaca Muerta. Growth in our proven reserves, together with a robust replacement index, and 15 years of reserves life reflects the quality of our acreage and our ability as operators to deliver long -term value to our shareholders “, commented Miguel GaluccioPresident and CEO of Vista.
About 25 new wells in production
Throughout the fourth quarter of 2024, the company reported an average daily production of 85,276 BOE/D, An increase of 17% compared to the previous quarter, driven by the production of 25 new wells that connected between mid -August and early December last year.
In this way, Vista met the production objectives that were announced to the market in April last year.
The total production of 2024 was 69,660 BOE/D, an increase of 36% year against year and that of crude was 60,418 BBL/D, in 2024, reflecting an interannual increase of 39%. During the past year, Vista continued to accelerate its development plan in Vaca Muerta, which allowed him to put 50 new wells into production.
Source: Ambito
