2024-07-22 13:31:55
Neuquen Department of Energy and Natural Resources records show: Neuquén’s oil production reached 400,931 barrels per day in June, setting a new historical record. Annual growth of 20% in the first half of the year. Thanks to the development of Vaca Muerta, this record is being broken month by month.
Neuquen province’s oil production hit a new record in June, reaching 400,931 barrels per day. An increase of 1.76% compared with May. In terms of volume, this is an increase of 6,922 barrels per day compared to last month.
A year-on-year comparison shows an increase in production in the province, with a 24.86% increase thanks to Vaca Muerta. Unconventional oil production accounted for 93.77% of Neuquen’s total production in June.
In the first half of this year, from January to June 2024, Output increased by 20.2% compared with the same period last yearAs reported by the Neuquén Department of Energy and Natural Resources. Regions driving this growth include Sierras Blancas (Shell), Bandurria Sur (YPF), Bajada del Palo Oeste (Vista), La Calera (Pluspetrol); and Aguada del Chanal (YPF).
A few months ago, the Vaca Muerta development in Neuquén Allows monthly recording of oil production records. They result from the increase in transport capacity, as is the case with the works corresponding to the Duplicar Plus project in Oleoductos del Valle (Oldelval), which will be completed early next year.
Added to monthly records, Oil about to take giant leap as Vaca Muerta Oil Sur project launches, which includes an oil pipeline and oil port in Rio Negro. The company has already begun construction of Section 1, while the wider Section 2 is in the bidding process to add companies and fill capacity, which will reach 390,000 barrels per day.
Neuquen natural gas production drops slightly after breaking record
The average natural gas production in the Neuquén region in June was 104.23 million cubic meters per day, a decrease of 1.29% from May. Production in each region of the month Neuquen reaches 105.58 million cubic meters per day, breaking all records 106 years of recorded oil activity in the area.
Despite a slight decrease, This is the second highest record in the province. At the same time, compared with June 2023, the annual increase was 14.5%. In addition, the cumulative output in the first half of 2024 increased by 11.66% compared with the same period last year.
According to the provincial government, the main reason for the decline in natural gas production compared with May was Production decline in the region Lomara Tower – Serra Barossa; Rincón del Mangrullo; Arena Aguada; Aguada Pichana Oeste and La Rivera Block I. Tight.
According to July records, production is expected to increase due to the start-up of the Tryon compressor plant, which expands the transport capacity of the Nestor Kirchner gas pipeline. Its operation was enabled on Wednesday, June 10, Allows for injection of approximately 5 million cubic meters of additional gas Natural gas pipelines already transport 11 million people.
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