Analysis: Argentina and Brazil could become major world players in natural gas trade

Argentina through its Vaca Muerta formation and Brazil with its vast offshore pre-salt reserves, could become major players in international natural gas markets.

By Christopher Lenton

RIO DE JANEIRO, BRAZIL - In a panel discussion at CERAWeek by IHS Markit on Wednesday, Argentina’s Pan American Energy CEO Marcos Bulgheroni said the Vaca Muerta field was at an “inflection point.”

He said about US$20 billion has been invested over the last decade, and “the investment is paying off.” About 1,200 wells have been drilled, leading to technical efficiencies in drilling. “We have got to a point where I believe we see huge growth potential in production.”

Gas production is about 900 MMcf/d [million cubic feet/day] from Vaca Muerta, or about . . .

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