Record shale output lifts Argentina monthly oil production to highest since 2011
Feb, 24, 2022 Posted by Gabriel MalheirosWeek 202208
Argentina’s crude oil production climbed to its highest monthly level in over a decade in January, including record output from the country’s prolific shale fields, the energy ministry said on Monday.
Oil production hit 570,000 barrels per day (bpd) for the month, a 15% spike from the same month last year and the highest volume pumped since late 2011.
The Latin American country is a mid-sized producer in the region, behind Brazil, Mexico and Colombia, but steadily growing thanks mostly to its massive Vaca Muerta shale deposit, in Argentina’s western Neuquen province.
Shale oil production in January totaled 224,000 bpd, a 61% jump from the previous year, and accounting for nearly 40% of the total produced.
Vaca Muerta is the world’s fourth-largest shale oil reserve and the second-largest in gas.
Argentina’s shale gas production also reported significant year-on-year growth in January, up 42% to reach 69 million cubic meters per day.
Source: Hellenic Shipping News
To read the full original article see:
-
Dec, 01, 2021
0
Rumo and Hidrovias do Brasil subsidiary sign memorandum to transport fertilizers
-
Ports and Terminals
Jan, 23, 2026
0
Works on Antonina port access roads exceed 60% completion
-
Other Cargo
Nov, 25, 2024
0
Brazilian Medical Device Exports to Africa Reach $20 Million at Africa Health 2024
-
Ports and Terminals
Jun, 13, 2023
0
Modal shift in Paranaguá as rail cargo movement surges