Argentina's Vaca Muerta Shale Play Could Produce 1 Million Bpd In 2030

Crude oil production from Argentina’s burgeoning shale patch, Vaca Muerta, could surge in the coming years and top 1 million barrels per day (bpd) by the end of the decade – but only if takeaway capacity and rig availability do not limit growth. Rystad Energy’s modeling shows that if production is relatively unimpeded, oil output could realistically grow from 291,000 bpd in February 2023 to more than 1 million bpd in the second half of 2030. The forecast growth could lift Vaca Muerta’s profile and position it as a leading…