Can Shale Drilling Go Global?

The transcript discusses Argentina's potential for a shale revolution, focusing on the Vaca Muerta formation in Patagonia. It compares the region's potential to the US Permian Basin, highlighting the quality of the rock and productivity. YPF, Argentina's state-owned energy company, is leading the development, aiming to double production by 2020. Challenges include high development costs and logistical issues, but strategies are in place to reduce costs and attract foreign expertise. The region's development is behind the US, but with the right experience and technology, it could become competitive.

What is the main advantage of the Vaca Muerta formation compared to the Permian Basin?

• It covers a larger area.

• The rock quality is considered better.

• It is closer to major markets.

• It has a higher oil production potential.

What is the primary goal for YPF by 2020 in terms of production?

• To triple the production.

• To double the production.

• To maintain the current production level.

• To reduce production by half.

What is the key factor for success in Vaca Muerta's development according to Pablo's Auto?

• Expanding the drilling area.

• Reducing development costs.

• Increasing the number of wells.

• Hiring more local workers.

What is one of the main logistical challenges faced by Vaca Muerta?

• Limited access to water resources.

• Few paved roads in the region.

• High cost of drilling equipment.

• Lack of skilled labor.

Why is collaboration with experienced oil companies important for Vaca Muerta?

• To gain access to international markets.

• To acquire advanced technologies and expertise.

• To increase the number of drilling sites.

• To reduce environmental impact.