Argentina’s Vaca Muerta energy reserve achieves a new activity record

Buenos Aires, Dec 2 (EFE) .- Vaca Muerta, the gigantic formation of unconventional hydrocarbons in Argentina, achieved record levels of activity last November, according to sources from the sector reported this Thursday.

The number of fracture stages – a technical way of measuring activity in unconventional reservoirs – was 1,122 last month in Vaca Muerta, according to data compiled by Luciano Fucello, manager in Argentina of the firm NCS Multistage, which provides services in the hydrocarbon sector.

The data surpasses the previous historical mark registered last May (1,079 stages of fractures) and confirms the increasing trend of activity in Vaca Muerta verified throughout this year, after the setback observed in 2020 due to the covid-19 pandemic .

In November 2020, 545 stages of fractures had been recorded.

The Argentine Secretary of Energy, Darío Martínez, highlighted this record as “great news because it shows the growth of an essential sector for Argentine reconstruction.”

The increase in activity in Vaca Muerta is linked to better international oil prices that companies with the capacity to export seek to take advantage of and to the incentives that the Argentine government grants to natural gas through the Gas.ar plan, launched a year ago .

Vaca Muerta, with its epicenter in the province of Neuquén, is the world’s second largest unconventional gas reserve and the fourth largest of this type of oil.

Only 7% of its potential has been developed and in 2020 it was greatly affected by the sharp drop in the demand for hydrocarbons in the context of the economic paralysis brought about by the pandemic, but this year there is a strong boost in activity drilling and extraction.

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