WHO WILL ATTEND
Meet Senior Decision Makers From:
- Argentine Federal Government
- Argentine Provincial Government
- Argentinian Oil & Gas Shale Producers
- US Oil & Gas Majors
- South American Oil & Gas Companies
- Canadian Oil & Gas Shale Majors
- Leading Neuquén Operators
- Leading Latin American Operators
- Companies Developing Assets In Argentinian Shale
- Leading Operators Active In Other Major Latin American Shale Plays
- Research Institutes
- Leading Technology Suppliers
- Expert Service Providers
- Geological Institutes & Associations
With The Following Job Titles:
CEOs, SVPs, VPs, Directors, Managers, Team Leaders and Engineers Of:
- New Ventures
- Unconventional Reserves
- Government Relations
- Strategy & Planning
- Business Development
- Investment Firms
- Hydraulic Fracturing & Completion Technology Suppliers
- Seismic & Core Analysis Companies
- Horizontal Drilling Companies
- Midstream & Pipeline Companies
- Key Industry Laboratory & Analysis Firms
- Pressure Pumping Firms
- Market & Economic Analysts
- Environmental Consultants
- Geological Surveys
- Research & Development Institutes & Universities
- Oil Transportation Companies
- Research & Development Institutes & Universities
Shale Gas & Tight Oil Argentina II 2012
There is no denying the issue at the forefront of everyone’s mind when discussing oil and gas in Argentina: the expropriation of YPF. The decision has left foreign investors weary of both the political risk and contract stability associated with investment in the country. The nationalization of Argentina’s largest oil producer, alongside the ongoing implementation of price controls, export tariffs and rigid equipment imports has ground the investment necessary for development to a halt. Leaving several questions, surrounding the feasibility of exploiting these resources, unanswered. Aside from how the investment landscape will evolve in the near future, operators are still striving for more answers around detailed reservoir characterization and how to plan and execute a maximum recovery completions program.
While political environment and investor climate may be taking a front seat in current Argentine affairs, it must not be forgotten that the Vaca Muerta formation alone, contains a phenomenal 21 billion barrels of prospective oil resources. Holding one of the largest shale oil and gas reserves in the world, the pursuit and continual enrichment of updated geological and completions data cannot be under-estimated when clarifying the ability of operators to exploit this play.
With the realization of Argentina’s shale wealth at stake, Shale Gas & Tight Oil Argentina II, South America’s most established shale gas and tight oil congress, brought together the key Government officials, major operators and geological and completions experts for the second time, to drive forward solutions and determine the commercial and logistical feasibility of exploiting these exponential shale resources. This was the second in series following the incredible success of the sell-out event in January, dedicated to bringing industry the very latest solutions and strategies to turn these resources into reserves.
Day onestarted by examining the macro-economic plans. It then gave an update on the rules, regulations and framework surrounding investment landscape, oil and gas pricing, equipment supply and leasing permits in Argentina. Ending the day a much needed discussion on regional water regulations was shared to assess how much water will be available for fracing as production develops.
Day twoanalysed the key drivers behind initial exploration testing stages to understand how operators determine the prospectivity of a play before drilling. It then provided an update of exploration findings in the Neuquén (Vaca Muerta, Los Molles and Agrio), San Jorge, Chaco & Austral basins. Following that there was an assessment of how thermal maturity, seismic and geo- mechanical data can be interpreted to predict productivity. The day ended with an examination of reserve estimations and new potential areas of exploration to determine the longevity of resources in Argentina.
Day threeopened up with a cost breakdown of developing a well in the Vaca Muerta. It then examined how to address the key decisions within a completions design and how to properly execute the procedure. Following that there were discussions on vertical vs. horizontal wells, well spacing, frac stages, proppants and frac fuids in relation to optimizing costs and production efficiency. Ending the three days there was session on delivering water management solutions to ensure water is always available for frac jobs.
Tim Chatten, Manager of Engineering, Miramar Hydrocarbons
"I was impressed with the significant turnout and I thought the conference went very well."
It is vital for companies with vested interest in Argentina’s unconventional resources to…
…urgently determine whether or not it is going to be feasible to develop the phenomenal shale resources in the Neuquen, San Jorge, Austral and Chaco basins. With the third largest reserves in the world, a resource of this size and magnitude is impossible to ignore. However, there has been concern that the production potential of this world-class source rock may fail to be realized as a result of the turbulent political arena that has recently been unveiled. Will the nationalization of YPF and state-centric policies such as price controls and export taxes continue to impede the growth of investment? Will Argentine government re-open the doors to foreign capital?
We know that Argentine resources have potential. But how much is production matching up to potential? And how costly are they to exploit? Recent well results from Argentine operators are the key to turning speculation into consolidation. How much are these wells actually producing? Is it enough to justify the costs of drilling and completions? Is it enough to over-ride the state controlled costs? Will it be worth it in the end?
Shale Gas & Tight Oil Argentina II, will bring together experts from the local government and oil and gas E&P companies in Argentina with the sole purpose of answering these questions.
GOVERNMENT PLANS : Setting out the short and long-term government plans for the direction of growth and development of Argentina’s shale resources
INVESTMENT RISK: Investigating the rules and regulatory framework for investment to understand whether international companies will be able to operate in Argentina
EQUIPMENT SUPPLY: Clarifying policies in place to enable sufficient supply of equipment to facilitate the exploitation of the country’s most prolific shale basins
RESERVOIR CHARACTERIZATION: Reviewing the latest exploration and production updates from recent wells drilled to enhance geological understanding of the resource in place
COMPLETIONS DESIGN: Drawing from technological expertise in horizontal drilling and completions to develop optimum engineering strategy for exploiting the play
HYDRAULIC FRACTURING TECHNIQUES : Examining completions techniques used by existing Argentine operators to understand which methods have shown the most promising results to date