Exploration & Production

Tecpetrol casts a wide net in Vaca Muerta

Drilling in Argentina’s Vaca Muerta can be hit-and-miss, but local independent Tecpetrol is spreading its bets with a 150-well programme Drilling in Argentina’s Vaca Muerta can be hit-and-miss, but local independent Tecpetrol is spreading its bets with a 150-well programme.
By The Wildcat 27 March 2017 0 25221
Tecpetrol launching the development plan for Fortín de Piedra. (Tecpetrol)

Argentina could be breaking from the shackles of the past, with Tecpetrol – a subsidiary of Argentine industrial giant Techint Group – pledging to invest $2.3 billion in the country’s Vaca Muerta shale formation until 2019. 

The numbers are impressive: nearly 70% of the cash will be spent on drilling 150 wells in the gas-rich Fortín de Piedra concession. Tecpetrol is seeking to produce more than 10 million cubic metres (MMcm) of gas per day from the investment.

The company will be keen to...