TOTAL ANNOUNCES 100 WELLS AND 100 THOUSAND MORE BARRELSWe’ve seen recent ramp-ups from Chevron and Shell.
Now, Total can be added to the list.
https://www.runrunenergetico.com/total-anuncia-100-pozos-y-100-mil-barriles-mas/ TOTAL ANNOUNCES 100 WELLS AND 100 THOUSAND MORE BARRELS
JUNE 3, 2019
The French capital company reported in the United States that the formation of shale resources is a central asset within the strategy of increasing production.
Total also plans to increase the speed of its production in the Neuqun basin. The French company plans to drill around 100 wells in the next five years, targeting a production of 100,000 barrels of oil equivalent per day.
The information was released in Houston. Emmanuelle Garinet, who held that the
Vaca Muerta areas of the company are a key asset for the company, which seeks to take on the role of the head of exploration in South America. wave of the shale that is lived in the neuquina formation.
Total operates the Aguada Pichana Este, San Roque and Rincon La Ceniza areas, and is one of the country's strongest players in gas production.
The unconventional segment is "a key axis of our future growth strategy," the firm says in the review of its projects in Argentina.
His first steps in training were in Aguada Pichana, in 2008, where they started a horizontal wells drilling campaign with the purpose of developing tight gas reservoirs, coming from the compact sands that are currently in production.
Then, the company implemented an extensive exploration and development campaign of two shale development pilots in the Vaca Muerta formation, in Aguada Pichana and in Rincon La Ceniza-La Escalonada.
There the company reached higher production levels than expected and allowed to confirm the commercial viability of the shale in the long term.
To a large extent, these results boosted unconventional activities on an industrial scale through the launch of the first phase of shale development at Aguada Pichana East.
That implies the drilling of around 20 wells per year and an approximate investment of 300 million dollars in the first year. The information reported by the US media now speaks to the clear intentions of producing more gas and oil in the Neuqun basin.