The oil company’s action Viewrose more than 460%, reaching US$52 each at the close of September 2, and Its value rose to $5 billion.
It is the second largest producer of shale oil in the country, which is a pioneer in opening international markets to crude oil. Dead Cowand today is one of the leaders in light oil exports.
Today, more than 50% of Vista’s production is destined for export to Brazil, Chile, the West Coast of the United States, among others. However, it aims to export at least 60% of its production by 2026.
Considering an average Brent price of $80 per barrel, this could mean an income of US$1,500 in foreign currency for Argentina.
The company is one of the most active operators in Vaca Muerta, with an investment of around 800 million dollars in 2023 and with the project to invest more than 1,000 million for this year.
In addition, for this fourth quarter they will incorporate a third drilling rig and a second fracturing rig into their operations, with which they plan to be ahead of their objectives for 2026.
For this stage of the year they will seek to produce around 85,000 boe/da number that they project to increase to 100,000 boe/d by 2026 already 150,000 boe/d by 2030.
Vista, meanwhile, plans to double its adjusted EBITDA, targeting $1.1 billion by 2024 and $1.7 billion by 2026.
In addition, the oil company reduced its emissions by 26% in absolute terms between 2020 and 2023, and by 60% in terms of intensity. In turn, it is working to achieve an intensity target of 7 kg CO2e per boe by 2026.
Source: Ambito
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