Exploration & Production

Sweet taste of success eludes Argentina

Argentina is championing Vaca Muerta as the country’s future while conventional production wanes in the background Argentina is championing Vaca Muerta as the country’s future while conventional production wanes in the background.
By The Wildcat 8 August 2017 0 27092
Drilling in Argentina’s Vaca Muerta. (YPF)

There is a sense of ‘jam tomorrow’ – Lewis Carroll’s famous metaphor for never-fulfilled promise – building around Argentina’s gas sector. 

The country’s industry suffered a decade-long decline that reached its nadir in 2014, when output dipped below 41.5 billion cubic metres. Argentina has since enjoyed two years of incentive-fuelled growth, with output in 2016 just shy of 45 bcm – a return to 2011 levels. 

But the sweet taste of jam – which would be 10 years of output...