Argentina to Eclipse Colombia as Oil Production Growth Continues

Crude oil production in the Vaca Muerta shale formation in Argentina is about to hit 1 million barrels per day this decade. The forecast came recently from Rystad Energy, and on its heels came another forecast, from the EIA: Argentina will soon eclipse Colombia as the third-largest oil producer in South America. It’s time for a new shale boom. Crude oil production in the Vaca Muerta play reached an all-time high of 400,000 barrels daily in the third quarter of this year, Rystad Energy wrote at the end of November, predicting that the play…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com