Vista, the second-largest unconventional hydrocarbons operator in Argentina, announced that it will import a second fracturing set to accelerate its activity in Vaca Muerta.
The import will be made possible through a strategic agreement with SLB, and the new equipment is expected to be incorporated in the second half of the year.
"A fundamental part of our drilling and completion plan in Vaca Muerta is the incorporation of equipment with the highest technology, allowing us to be more efficient in achieving our production goals," said Juan Garoby, co-founder and COO of Vista, in a statement.
The company projects to reach 85,000 barrels of oil equivalent per day (boe/d) in the fourth quarter of this year.
Vaca Muerta, which holds the world's second-largest reserve of unconventional gas and the fourth-largest reserve of oil, is Argentina's hope for reversing a significant energy trade deficit and becoming a net energy exporter. This would increase foreign currency inflow and strengthen the central bank's reserves.
In February, the company stated it aims to reach 100,000 boe/d of production by 2026 and 150,000 barrels by 2030.
