(Reuters, 23.Jun.2017) — Breakeven prices in Argentina’s Loma Campana shale field are $43 per barrel and falling while development costs are $12.90 per barrel and expected to fall to $10 per barrel by the end of 2018, an executive at state-run oil firm YPF said.
“What we are doing is profitable … we are going to continue lowering it,” Pablo Bizzotto, executive manager at YPF’s unconventional resources unit, told journalists on a tour of the field the company operates with investments from Chevron Corp.
Loma Campana was the first productive field in Argentina’s Belgium-sized shale formation of Vaca Muerta. It produces 40,000 barrels of oil equivalent per day, according to YPF.
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