unconventional resources

Juan M. UbedaJuan M. UbedaMFG Oil & Gas S.A.MFG Oil & Gas [email protected]@consultoramfg.com.ar Tel: (54-261) 425-6574Tel: (54-261) 425-6574http://www.consultoramfg.com.ar/http://www.consultoramfg.com.ar/

Daniel BoggettiDaniel BoggettiP&T Consultora S.R.L.P&T Consultora [email protected]@pytconsultora.com.ar Tel: (54-261) 424-5105 Tel: (54-261) 424-5105 http://www.pytconsultora.com.arhttp://www.pytconsultora.com.ar/

Alan StarkAlan StarkGeoscience Advisor Geoscience Advisor Tel: (54-9261) 537-1586Tel: (54-9261) [email protected]@gmail.com

UNCONVENTIONAL RESOURCES: UNCONVENTIONAL RESOURCES: Shale Gas, Tight Gas, Shale Oil,Shale Gas, Tight Gas, Shale Oil,

Have been identified in Argentina and can be Have been identified in Argentina and can be exploited commercially*exploited commercially*

* In a recently published report by the US Energy Information Administration, Argentina is ranked 3rd in the World after the USA and * In a recently published report by the US Energy Information Administration, Argentina is ranked 3rd in the World after the USA and

China with 774 tcf of Technically Recoverable Shale Gas ResourcesChina with 774 tcf of Technically Recoverable Shale Gas Resources




MFG Oil &Gas S.A. y P&T Consultora S.R.L.MFG Oil &Gas S.A. y P&T Consultora S.R.L.Two companies have formed an alliance to Two companies have formed an alliance to

undertake the studies necessary to evaluate undertake the studies necessary to evaluate non conventional resources and their non conventional resources and their subsequent development.subsequent development.

Two Argentine companies with the local Two Argentine companies with the local experience necessary to offer professional experience necessary to offer professional advice on this new opportunity.advice on this new opportunity.




Regional Studies of the Regional Studies of the Principal Producing Principal Producing Basins in Argentina Basins in Argentina have already been have already been completed by our completed by our group.group.

Detailed studies of Detailed studies of specific concessions specific concessions can now be undertaken. can now be undertaken.




The evaluation process carried out is tailored to the project The evaluation process carried out is tailored to the project needsneeds::

1.1. Compilation and Management of Basic Data:Compilation and Management of Basic Data: Geochemical DataGeochemical Data Geological DataGeological Data Geophysical DataGeophysical Data PetrophysicsPetrophysics Existing Surface FacilitiesExisting Surface Facilities Existing pipelinesExisting pipelines Existing accessExisting access Available energy on-siteAvailable energy on-site




2.2. Assessment of resource potential in the Area and definition of Assessment of resource potential in the Area and definition of possible Play Conceptspossible Play Concepts..

3.3. Deterministic and Probabilistic Evaluation of resources in SituDeterministic and Probabilistic Evaluation of resources in Situ4.4. Basic engineering for potential development scenariosBasic engineering for potential development scenarios5.5. Model design with various scenarios and probabilistic simulation runsModel design with various scenarios and probabilistic simulation runs. .

Number of wells required and estimated productionNumber of wells required and estimated production.. Preliminary estimates of EURPreliminary estimates of EUR. .

6.6. Determination of the Initial Investment Needs at the planning stageDetermination of the Initial Investment Needs at the planning stage 7.7. Initial cash flows and expenditureInitial cash flows and expenditure8.8. Economic evaluations and associated variable sensitivity analysisEconomic evaluations and associated variable sensitivity analysis..9.9. Other analyses as requiredOther analyses as required..




Probabilistic Methodology: Analysis of the models is carried out by this methodology with

generation of distribution histograms / sensitivity analysis of variables etc.

0 100 200 300

10% 80% 10% 71,7978 181,7401

Mean=124,2394

Distribution for Total / PresValue(MMU$S)/K36

0,0000,0020,0040,0070,0090,0110,0130,0160,0180,020

Mean=124,2394

0 100 200 300 0 100 200 300

10% 80% 10% 71,7978 181,7401

Mean=124,2394

Distribution for Total / PresValue(MMU$S)/K36

0,000

0,200

0,400

0,600

0,800

1,000

Mean=124,2394

0 100 200 300

Regression Sensitivity for Total /PresValue (MMU$S)/K36

Std b Coefficients

Declinacion:/F11-,301

ProduccionDiaria:/F7 ,643

PrecioOil:/F13 ,649

-1 -0,75 -0,5 -0,25 0 0,25 0,5 0,75 1




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unconventional resources

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