Argentina’s Vaca Muerta Formation Produces 35% Of Country’s Natural Gas

Instant Max AI

(Energy Analytics Institute, Aaron Simonsky, 23.Apr.2019) — Argentina’s Vaca Muerta formation currently accounts for close to 35% of Argentina’s natural gas production and 15% of the South American country’s crude oil production, announced Neuquén Governor Omar Gutiérrez.

In the last three years, unconventional oil production has grown 150% while gas production has grown 430%, online media Vaca Muerta News reported on 23 April 2019, citing the official said. In the last year alone oil production has grown 80%, while gas production has grown 230%, the media reported.

“Neuquén is once again Argentina’s main oil and gas producing province, ” Gutiérrez said. “The Vaca Muerta formation is the best unconventional resource and reservoir in the world,” he concluded.

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© Energy Analytics Institute (EAI)

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