Exploration & Production

Argentine rig count falls in March but is forecast to rise

Gas-focused drilling in Latin America ticked down during March Gas-focused drilling in Latin America ticked down during March.
By Chris Noon 4 May 2018 0 30727
Operational rigs in Latin America targeting gas in March 2018

Gas-focused drilling in Latin America ticked down during March. There were 18 rigs drilling for gas in the region during the month, two fewer than in February, according to Baker Hughes data. However, drilling activity in the region is at a similar level to where it was at this point in the year in 2017 and 2016. 

Bolivia gained one rig during the month, while Brazil, Chile and Argentina each lost one. Argentina’s Energy Ministry is bullish on future drilling in the country’s Vaca Muerta formation...