VACA MUERTA RISING: Faster and Cheaper Without Losing Better

Source: Diego Levit, YPF.
YPF workers manage hundreds of wells at a monitoring center.

After Gustavo Astie, executive manager for unconventionals at YPF, presented what he thought was an aggressive growth plan for the coming year to YPF management, he was asked: Would it be possible to go faster?

The answer was, there are limits. In the past 6 years, YPF has built a foundation for profitably developing the Vaca Muerta, but it is just now beginning to see if what worked in the initial pilots can be transferred elsewhere in the huge formation.

When it comes to the pace of development, YPF needs to work with corporate partners providing much-needed money as well as expertise. Those partners include some of the biggest, most technically savvy companies in the industry, which took their time getting into unconventional development.

“YPF is the operator on these blocks but it seeks approval on development plans with partners whose expertise is needed. We are not strong, dominant partners. We are learning from our partners,” Astie said.

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VACA MUERTA RISING: Faster and Cheaper Without Losing Better

Stephen Rassenfoss, JPT Emerging Technology Senior Editor

01 February 2018

Volume: 70 | Issue: 2

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