(Energy Analytics Institute, Aaron Simonsky, 9.May.2019) — Production of shale oil in La Amarga Chica area under the watch of YPF and partner Petronas reached 13,000 barrels per day on 2 May 2019, up from 6,296 barrels per day in April 2018, online media Río Negro reported 9 May 2019, citing data from Argentina’s Energy Secretariat.
In December 2018, the La Amarga Chica area, located north of Loma Campana, had some 34 wells in operation, according to data from YPF and Petronas and production was averaging 10,400 barrels per day.
The partners eye boosting production to 20,000 barrels per day by year-end 2019.
In 2018, which was the first year of the work phase for the area, investments amounted to around $560 million. The four year plan for the area contemplates total investments of $2,336 million, the media reported.
The first phase of massive development contemplates a total 218 producing wells and reaching total production from the area of 60,000 barrels per day of oil equivalents.
Additionally, the companies continue to move forward with construction of installations and infrastructure necessary to handle the planned production increases.
Work on a crude oil treatment plant on the block coupled with other YPF developments at Bandurria Sur will allow the company to boost its processing capacity to 200,000 barrels per day from 60,000 barrels per day, the media reported.
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