Shell To Start Major Project In Argentina’s Vaca Muerta

(SeekingAlpha, Carl Surran, 27.Dec.2018) — Royal Dutch Shell says it plans to begin development of unconventional oilfields in Argentina’s Vaca Muerta basin, one of the world’s biggest shale plays, aiming at production of 70K boe/day by 2025.

“The preliminary results from our early production [pilot wells] in Vaca Muerta have been positive and compare favorably with our shale benchmarks,” says Shell Argentina President Sean Rooney.

Related Stories: Shell Argentina To Develop Three Areas in Vaca Muerta

Shell’s program includes drilling more than 300 wells in 38 locations on the blocks, which cover 98.8K acres, as well as a new crude processing plant, oil and gas pipelines and three water storage facilities.

Shell’s decision to boost its upstream investment follows an announcement two months ago to sell downstream assets in Argentina, including a refinery and fuel stations.

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