2023 well16 Jan 2023 20:44
Argentina has made some tremendous headway in tapping into the vast shale oil deposits of Vaca Muerta. However, apart from the “Dead Cow” there has been no intriguing frontiers opening in the Latin American country, up until now that is. Norway’s Equinor will soon start drilling the Argerich exploration well 300 km off the coast of Mar del Plata, the first-ever deepwater offshore well in Argentina. In water depths of over 1500 m, the wildcat will be spudded to a total depth of more than 4000 m, having finally overcome all the regulatory roadblocks posed by repeated queries coming from environmentalists. The drilling trio of Equinor, YPF and Shell hope to find a replica of geological conditions found in Namibia’s Venus discovery and recent images of oil seeps in the area of the CAN-100 license block seem to confirm that there is a working hydrocarbon system there.
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