Iguacel visited three major Vaca Muerta projects • EconoJournal

The Minister of Energy, Javier Iguacel, the Governor of Neuquén, Omar Gutiérrez and the Minister of Energy and Natural Resources of that province, Alejandro Monteiro, were received yesterday at Bajada del deposit Palo by the CEO of Vista Argentina, Gastón Remy, and the Director of Global Operations, Juan Garoby, where the company launched the first drill campaign with the training objective Vaca Muerta

Vista received his first team Nabors – which has advanced drilling technology. unconventional – with which it will develop in 2018 its first four-well site to produce shale oil.

Iguacel, Gutiérrez and Monteiro received a detail on the company's business plan, which could reach an investment of more than $ 2,000 million in the next five years.

Yesterday, Minister Iguacel also visited the facilities at Loma Campana, the largest shale oil deposit in the country operated by YPF badociated with Chevron. In addition, he visited the facilities of the French company Total in Vaca Muerta.

"We thank Iguacel for choosing Vista for his visit to Vaca Muerta as Minister.This reinstates the importance that Argentina has for the development of this training, which is undoubtedly the most important platform for creating jobs and acquiring investments for the country 's future, "said Rémy.

He added: "We are celebrating today with the presence and support of the Minister of Energy of the Nation and the Provincial Government.The enormous potential of Vaca Muerta can not be achieved only by consensus and long-term visions that favor investment, clear rules and convergence towards the free market. "

Iguacel, meanwhile, pointed out that" today we We were at Vista, a start-up that in record time has started drilling the first four-well PAD to produce shale oil, and Vaca Muerta's challenges lie in productivity and technology. "And he pointed out," Vista has had a strong investment commitment and rapid execution that has allowed it to develop projects and quickly generate results at Vaca Muerta.We need more of these companies that are betting and trust all that Argentina has to offer. "

With investors from five continents of the world, Vista began operations in April of this year after acquiring a series of badets in the Neuquen Basin with an investment of $ 800 million. With a proven management experience and led by its global CEO, Miguel Galuccio, the company is committed to being a key player in the local energy industry, generating value for its efficiency and excellence operational.

Three months of operation [19659005] Earlier this week, Vista presented its first quarterly results. The company announced that it has managed to contain the decline in production by taking a series of measures including drilling new wells and repairing existing wells, with a focus on excellence and operational efficiency.

Vaca Muerta's development project for what a team of Nabors brought to complete the drilling of the first four wells, which is expected to be put into production in the first quarter of 2019.

Internally, the Company has reorganized its equipment and works and incorporates new talent as the trust company will spearhead the expected growth.