Rising Brent price weighs on Vaca Muerta's oil production

However, other companies in the sector, non-integrated companies that extract but do not refine, complained of the lag in oil production with frozen selling prices, dollarized inputs and a current rate of over $ 60. Many of these companies now deliver their products to refiners with a barrel of pesk between $ 40 and $ 42.

This situation provides not only a worsening equipment loss, suspensions and layoffs at Vaca Muerta It also jeopardizes investment plans for 2020, which begin to end this month. In the sector, they estimate that the 20 or 25 new teams that were going to start drilling next year will not do it anymore. They say the investments are not going to keep the interest here: Permian is paying $ 30 more per barrel.

The attack of Houti militia against the Saudi-owned Aramco plant caused a worldwide escalation of oil. Aramco produces 5% of the world's hydrocarbon production. Crude oil, which has grown the most (nearly 18%), is Brent, which is mainly extracted from the North Sea and has been used as a reference in Argentina for several years.

In the greatest moments of uncertainty, the value of the barrel reaches u $ s71but then cut the hike and now notes a growth of 10% Today, it is marketed at $ 66.69 for November delivery to the International Exchange Futures (ICE), compared to the end of last Friday, closing date $ 60.23.

If you consider that the Macri gel is valid until mid-November, In the country, crude oil has a delay of up to 13% in dollars compared to the international price.

It will take two weeks to control the gas leak at Vaca Muerta

The YPF state company is working on a plan designed by a team of North American experts to contain the gas leak in the Loma La Lata Oeste exploration well, at the Vaca Muerta site in the province of Neuquén.

The fire was declared Saturday morning and the flames were visible several kilometers away. As the flag oil company has officially announced, the resumption of well control could take between two and three weeks.

The Petroleum Guild has denounced 1000 suspensions for freezing oil

As they had warned the oil tankers union, the freezing of the barrel at $ 59 resulted in a lack of price, an interruption in marketing, the payment chain, a shortage of supplies, a break in drilling and suspension Staff.

About 30,000 tankers work at Vaca Muerta. Industry sources estimated that more than 30 drill towers were active in the 11 zones of the field. A tower employs about 20 people, but each active team has about 80 active people. Guild leader Guillermo Pereyra revealed that about 1,000 Vaca Muerta workers had been suspended under Decree 566.

Those who raised the teams are the perforated St. Anthony, an Argentine firm of American capitals, Schlumberger and Baker Hughes and the Canadian Calfrac. "There was no more fracture left," said Pereyra. The union is now seeking to sign an act with employers to ensure payment of wages and avoid layoffs.