The oil production decline that the Covid-19 pandemic brought to Argentina’s Vaca Muerta formation now seems like a distant memory. The reserve’s oil output has not only rebounded to pre-pandemic levels but also reached a record high of 124,000 barrels per day (bpd) in December 2020, a Rystad Energy report reveals.
The ascent can continue towards the 145,000–150,000 bpd range by the end of 2021 if current activity levels continue. Vaca Muerta, meaning dead cow in Spanish, is holding shale gas and tight oil economically recoverable…Argentina's Shale Boom Is Competing With The Best
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