Argentina’s YPF changes tack in Vaca Muerta
Drilling costs are falling in Vaca Muerta, but YPF CEO Miguel Galuccio may be on his way out anyway. (PA)
Exploration in Argentina’s Vaca Muerta shale play is well below the record levels seen in early 2015, and a shift to horizontal drilling is on the cards, experts have told Natural Gas Daily.
Low prices saw drilling in Vaca Muerta slump by 30% year on year in January, Luciano Codeseira, a former consultant to Argentina’s Energy Secretariat and chief of Código Energético, told NGD.