Friday , October 22 2021

Shell Continues for Massive Development in Three Areas of Dead Cow


Until the beginning of the month in Vaca Muerta there were only three areas under massive development, but just as YPF announced a few days ago that together with Petronas they will go to full activity in La Amarga Chica, Shell Argentina authorities will announce today that they will do the same. in three of the areas that have concessions.

As it was known, the blocks that the Anglo-Dutch company will move to the factorial development are Coirón Amargo Sur Oeste (CASO) and the Sierras Blancas – Cruz de Lorena, two concessions that operate together.

The three blocks have unconventional oil production with some associated gas and are located in the "hot zone" of Vaca Muerta, adjacent to the east of Loma Campana, the first massive development of unconventional formation.

The formal announcement will be made tomorrow at the Casa do Neuquén headquarters in Buenos Aires, where Shell officials, together with Governor Omar Gutiérrez, will announce the details of the multimillion-dollar investment that will be made in the area.

In the case of YPF's recent announcement jointly with Malaysian Petronas, the investment exceeded $ 2.3 billion over the next four years. In this case, it could be larger because it's more blocks in development.

Shell has had until 2020 to set the stage up to the stage where activity is developing rapidly as government-approved pilots – five years – only expired at the time. But already in October the new president of Shell Argentina, Sean Rooney, had anticipated the "Rio Negro" the intention to anticipate the deadlines.

State-owned Gás e Petróleo de Neuquén (GyP) has a 10% stake in the blocks that Shell will move to mass development, thus being its first foray into scale at Vaca Muerta.


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