Strong Brent prices helped the Argentinian firm post a quarterly profit
YPF targets Vaca Muerta upsurge
In the wake of positive financials, the Argentinian operator is lifting capex spend and is bullish on barrels
Shale production from the Vaca Muerta basin is rapidly offsetting dwindling conventional output in Argentinian state oil company YPF’s portfolio and is primed for strong growth heading into 2022. The company achieved record shale output of 61,000bl/d in October, having increased supply by 38pc across Q3 compared with the previous quarter. “Shale production in Vaca Muerta is absolutely essential for YPF to offset the decline in conventional production, which is expected to run at a 10pc rate,” says Ezequiel Fernandez, equity and credit research director at Argentinian investment bank Balanz Capital. “We expect shale oil production next year to grow [by] 40pc, provided the pricing environment
Also in this section
1 April 2025
There is method to the US president’s apparent madness, and those seeking to understand need look no further than their local bookshop
1 April 2025
Strong economic growth targets are encouraging for the country’s energy demand growth, even if meeting those goals might be a tall order
28 March 2025
The Central Asian country is positioning itself as a low-carbon leader, but antiquated infrastructure and a dependence on Russia are holding it back
28 March 2025
MCEDD 2025 took place in Madrid this week with record attendance and a wide-ranging programme, reflecting the deepwater sector’s renewed momentum, strategic focus and accelerating technological innovation.
