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Which company owns the required technology to exploit the Vaca Muerta shale in Argentina?

by Paula Mercado

6 Answer(s)

  • As far as I know all is required is US$25 billion to spend: no need of any fancy technology such as deep water drilling or anythinkg like that (in which case Petrobras would be the answer). That was actually the whole thing about it, that Repsol did not have it, made the mistake of confessing it, and gave the argentinians a reason to do what they did.

     

  • This is the same technology (horizontal drilling/hydraulic fracturing) that is used for development of shale oil and gas in North America, and is not actually owned by any single company. All of the Major Oil Companies, large E&P Companies, and Major Oilfield Service Companies (Halliburton,Schlumberger, etc.) are experts with the application/use of this technology.  

     

  • Thank you both for your answers. I was not aware that Repsol did not have the technology and I thought it would be Sinopec, not Petobras who was behind the whole thing. Do you know if SInopec owns the required technology?


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