Will Argentina Reach Its 1 Million Bpd Oil Production Goal?

Tiny South American nation of less than one million, Guyana has emerged as the latest drilling hotspot in South America, after decades where the regional oil industry was dominated by Venezuela and Brazil. While those countries are attracting considerable industry attention for a variety of reasons, it is the giant Vaca Muerta shale in Argentina which is shaping up as the continent’s hottest onshore oil boom. The 8.6-million-acre geological formation is estimated to contain 16 billion barrels of shale oil and 308 trillion…