TRANSPORTADORA DE GAS DEL NORTE
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“ WE SEE THAT VACA
MUERTA GIVES ARGENTINA SOME VERY IMPORTANT POTENTIAL ”
— Daniel Ridelener ,
CEO
Ridelener explains these new opportunities : “ The potential of unconventional deposits was already known , although the technology to exploit them began to be available economically and effectively about 10-12 years ago . In the country , shale oil and shale gas deposits have been exploited for about five years , which allowed us to go through a learning curve that will result in greater productivity of equipment and labour and , therefore , in minor production cost .”
“ Currently , shale gas production in Vaca Muerta has been growing very strong . As
an example , we can mention the Fortín de Piedra deposit of Tecpetrol , which expects to reach a production of around 15mn cubic meters per day by the end of the year . Considering that it started from zero a year ago , it is a very significant effort . Something similar , to a lesser extent , occurs with other Vaca Muerta players .”
Ridelener offers deeper vision into the basin : “ We see that Vaca Muerta gives Argentina some very important potential . If we compare it with the path travelled by the shale gas in the USA , in a few years we would find ourselves with a very
AUGUST 2018