Germany's Wintershall has launched its second operated shale oil pilot project in Argentina after spudding the first of three horizontal pilot wells in the Bandurria Norte block, in the western Argentinean province of Neuquén.
The wells in the 107 square kilometre block are targeting the promising shale of the Vaca Muerta formation, which can be found at a depth between 2,700 and 3,000 meters. Wintershall launched a similar project with four horizontal wells in the nearby Aguada Federal block back in 2015. The initial significant results of both projects are expected in 2018.
“Now we are investigating in the blocks Aguada Federal and Bandurria Norte the potential of unconventional reservoirs as an operator,” said Wintershall-CEO Mario Mehren.
"In particular, the Argentinian shale formations are very promising. Wintershall has many years of local experience and technical expertise to help shape the country's energy future in a responsible manner," added Gustavo Albrecht, managing director of Wintershall Energía S.A.
Argentina's production has declined significantly over the past decade, and the country has transformed from a net exporter to a net importer of gas. In order to counteract this, the Argentine government is supporting and promoting the expansion of domestic production and, in particular, the development of unconventional reservoirs