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Shale drilling outside North America: what to look for in 2016

Shale drilling outside North America: what to look for in 2016

Report summary

We predict that the number of international shale wells drilled in 2016 will drop by around 30% from 2015 levels. China and Argentina will continue to dominate activity, however both will see less wells drilled in the coming year. Cuts to Chinese NOC budgets and a transition from vertical to horizontal drilling in Argentina will result in a dip in drilling activity. We expect Saudi Aramco to continue its recent trend of drilling around 30 shale wells per year. The UK and Russia are the main countries we think will buck the trend in 2016. Regulatory changes in the UK should smooth the way for key wells to be drilled, while the Russian NOCs are committed to evaluating the liquids potential of the Bazhenov and Domanik plays.

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Globally, the industry is looking for the next big unconventional discovery after the success seen in the U.S. Lower 48. Argentina's Vaca Muerta has shown it can go head to head with US plays. But, as investors looks for the next big unconventional opportunity, will Argentina be able to attract enough investment to exploit the shale's full potential?

This Vaca Muerta development study report provides ground-breaking well-by-well analysis of production, well performance, and economics. The play is divided into three distinct sub-plays and this report provides insight into production, acreage positions, costs, and type-well economics. The sub-plays likely to drive value creation are identified, as well as the oil and gas prices and efficiency gains needed to produce positive returns.

The study enables potential investors, governments and companies to evaluate the relative attractiveness and value of acreage positions. Furthermore, the study helps benchmark the performance of each Vaca Muerta sub-play with that of North American analogues.

These findings are based on original well data from Argentina along with Wood Mackenzie's expert analysis.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Shale drilling outside North America: what to look for in 2016

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