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    Tecpetrol Reaches Argentine Shale Gas Targets Early


Early 2019 production target reached in November.

by: Pietro Pitts

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Natural Gas & LNG News, Americas, Corporate, Shale Gas , News By Country, Argentina

Tecpetrol Reaches Argentine Shale Gas Targets Early

Production of shale gas at Tecpetrol’s Fortín de Piedra project in Argentina has already achieved its early 2019 target levels, the company said November 20.

The company’s unconventional shale gas production at Fortín de Piedra rose 36% to 15mn m3/day in November 2018 from 11mn m3/day in August 2018. A year ago, in October 2017, production was averaging just 1.4mn m3/day, the company said in a social media post.

“We continue to work in Vaca Muerta to achieve energy self-sufficiency,” Tecpetrol announced on Twitter.

Tecpetrol, which has a 200,000-acre position in non-conventional areas in Argentina, has committed investments of US$2.3bn until 2019 at the Fortín de Piedra field to develop Vaca Muerta shale gas. It had originally estimated that it would reach the 15mn m3/day mark in early 2019.

“Argentina is going through an economic turmoil, and that’s something everybody is concerned about,” Alvaro Rios Roca, managing partner for Gas Energy Latin America, told NGW. “But, we have seen old players like Tecpetrol and new ones present in Vaca Muerta that don’t need outside financing and continue to conduct activities in the formation.”