Our Vaca Muerta development study is available for purchase. Can the Vaca Muerta compete with the best US shale plays? Findings from our latest well-by-well analysis indicate it can. As Argentinian operators continue to move up the learning curve, strong well performance and lower costs can unlock scale comparable to US shale plays. We forecast that just seven of the most advanced developments, representing only 8% of play acreage, will produce over 400,000 boe/d by 2025. Our scenarios are also informed by recent, high-performance type curves intended to showcase the further upside waiting to be realized. Improvements in logistics and service capacity can only improve well economics and further drive play scalability. An overview of current company holdings across the gas, condensate and oil windows along with drilling activity trends informs investors on the best play entry strategies. We conclude with multiple scenarios analyzing the entire play’s full production potential.
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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.
26 charts tables and maps showing macroeconomic indicators, production, historical drilling trends and geology.
Block and operator positioning
16 charts and maps showing company positions across the gas, condensate and oil window.
Applying the US learning curve to Vaca Muerta
20 charts and tables analysing learning curve trends in the US, focusing on Pioneer Natural Resources' achievements in the Midland Basin and applying those trends to Vaca Muerta.
Type well analysis
36 charts and tables presenting two type curve scenarios (one based on the US learning curve uplift and another focusing on high-performing Vaca Muerta wells) as well as a series of cost sensitivities.
12 charts and tables forecasting future production based on the uplifted and high-performance scenarios, including how Vaca Muerta can close Argentina's natural gas demand gap.
In this report there is 1 table or chart, including:
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
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Insight | Apr 2017
Vaca Muerta development study 2017
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