Can Shale Drilling Go Global?
Interactive Video
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Business, Architecture
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University
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Practice Problem
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Hard
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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.
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2 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What comparison is made between the development stages of the Permian and Argentina's shale development?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the target development cost per barrel that YPF aims to achieve?
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