energy dialogue european union argentina · 17 bandurria norte wintershall 18 aguada de la arena...
TRANSCRIPT
Energy in ArgentinaEnergy Dialogue European UnionArgentinaJuly 2019
UNCONVENTIONAL HYDROCARBONS: THE RISE OF VACA MUERTA Leonardo Javier MastronardiNational Director of Scenarios and Energy PlanningUndersecretariat of Energy Planining
July 2019
Energy in ArgentinaEnergy DialogueEuropean UnionArgentina
ENERGY POLICY FROM DECEMBER 2015 TO DATEMONETIZATION OF DOMESTIC RESOURCES – UPSTREAM OIL AND GAS
Undersecretariat of Energy Planining
Argentina posesses world-class unconventional oil and gas resources, particularly in Vaca Muerta
Argentina’s technically recoverable unconventional gas and oil resources rank among the largest in the world
ENERGY POLICY FROM DECEMBER 2015 TO DATE MONETIZATION OF DOMESTIC RESOURCES – ARGENTINA HYDROCARBON RESERVES AND RESOURCES
Undersecretariat of Energy Planining
ENERGY POLICY FROM DECEMBER 2015 TO DATE VACA MUERTA KEY PROJECTS
Undersecretariat of Energy Planining
In 2019, there are eleven projects in development phase.
Source: Wood Mackenzie
PROJECT OPERATOR 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 20201 Loma Campana YPF2 El Orejano YPF3 Aguada Pichana Este Total4 Cruz de Lorena-Sierras Blancas Shell5 La Amarga Chica YPF6 La Escalonada Total7 Rincon la Ceniza Total8 Fortin de Piedra Tecpetrol9 Bajo del Choique-La Invernada ExxonMobil
10 Bandurria Centro PAE11 Bandurria Sur YPF12 Pampa de Las Yeguas I ExxonMobil13 Rincon del Mangrullo YPF14 La Ribera I YPF15 La Ribera II YPF16 Aguada Federal Wintershall17 Bandurria Norte Wintershall18 Aguada de la Arena YPF19 Punta Senillosa Tecpetrol20 Aguada Pichana Oeste - Aguada de Castro PAE22 Coiron Amargo Sur Oeste GyP23 Bajada de Anelo Shell24 San Roque Total25 Bajada del Palo Oeste Vista Oil&Gas26 La Calera Pluspetrol27 Puesto Rojas El Trébol
ENERGY POLICY FROM DECEMBER 2015 TO DATE MONETIZATION OF DOMESTIC RESOURCES – UPSTREAM OIL AND GAS
Undersecretariat of Energy Planining
Only 4% of Vaca Muerta’s acreage has entered the development phase yet
ENERGY POLICY FROM DECEMBER 2015 TO DATE MONETIZATION OF DOMESTIC RESOURCES – UPSTREAM OIL AND GAS
Undersecretariat of Energy Planining
Vaca Muerta is comparable to the best unconventional plays in the US
Play TOC [%] Thickness [m]Reservoir pressure
[psi]
Vaca Muerta 3—10 30—450 4,500—9,500
Barnett 4—5 60—90 3,000—4,000
Haynesville 0.5—4 60—90 7,000—12,000
Marcellus 2—12 10—60 2,000—5,500
Eagle Ford 3—5 30—100 4,500—8,500
Wolfcamp (Permian)
3 200—300 4,600
Sources: Energy Information Administration (USA), 2013 & YPF, 2014
ENERGY POLICY FROM DECEMBER 2015 TO DATE MONETIZATION OF DOMESTIC OIL & GAS RESOURCES – SHALE FRACTURE EVOLUTION
Undersecretariat of Energy Planining
In the first half of 2019, fractures increased 40% on average, compared to 2018.
Source: Luciano Fucello, Country Manager NCS Multistage
PRODUCTION OF OIL AND NATURAL GASLAST RESULTS FROM MAY ‘19
Undersecretariat of Energy Planining
In may 2019, shale gas production nearly doubled, whereas shale oil production increased 63%.
INVESTMENT OPPORTUNITIES AND POLICIES
Undersecretariat of Energy Planining
TANGO FLNG: LNG FOR THE WORLD – 1ST CARGO LAST JUNE
Undersecretariat of Energy Planining
UPSTREAM INVESTMENT OPPORTUNITIES
Undersecretariat of Energy Planining
5-10 Bn USD annual investment opportunity to join Vaca Muerta’s development
New players and independent producers are particularly welcome to achieve full scale development
MIDSTREAM INVESTMENT OPPORTUNITIES
Undersecretariat of Energy Planining
Investment opportunities in infrastructure to debottleneck evacuation of upcoming O&G production
Thank you.
Subsecretaría de Planeamiento Energético
Contacto: Luciano Caratori, Subsecretario. [email protected]
Dirección Nacional de Escenarios y
Planeamiento Energético
Dirección Nacional de Evaluación de
Políticas y Proyectos Energéticos
Dirección Nacional de Información
Energética
Contacto: Leonardo Mastronardi, DN
Contacto: Oscar Natale, DN
Contacto: Fernando Pino, DN
Últimas versiones y datos actualizados:
https://www.argentina.gob.ar/energia/planeamiento-energetico
http://datos.energia.gob.ar/