argentina o&g overview
TRANSCRIPT
Argentina O&G Overview Buenos Aires, March 9th 2016
Ernesto A. López Anadón President IAPG
IAPG - Argentine Oil & Gas Institute Overview
Oil & Gas Tecnical Institute Founded in 1957
Offices in all the producing basins Member of:
Main Activities: Technical Committees: more than 20 committees, 750 professionals, analysing improvements and developments of the O&G industry.
Best practices for the O&G industry.
Education & Training: 1200 professionals and technicians per year attend our courses.
NACE (National Association of Corrosion Engineers) training center.
Industry Statistics on production, processing and marketing.
Communication to the public of our activities.
Workshops and Congresses.
24 Basins
Only 6 under exploitation
Sedimentary Basins
0.0
100,000.0
200,000.0
300,000.0
400,000.0
500,000.0
600,000.0
700,000.0
800,000.0
900,000.0
1990
19
91
1992
19
93
1994
19
95
1996
19
97
1998
19
99
2000
20
01
2002
20
03
2004
20
05
2006
20
07
2008
20
09
2010
20
11
2012
20
13
2014
Comprobadas Petróleo (Mm3)
Comprobadas Gas (MMm3)
Proved Oil & Gas Reserves
Fuente: IAPG
Nat’l Gas Production Billions of cubic meters
Oil Production Millions of cubic meters
Oil & Gas Production
Drilling Activity Wells per year
Fuente: IAPG
1,050.0
1,100.0
1,150.0
1,200.0
1,250.0
1,300.0
1,350.0
1,400.0
1,450.0
1,500.0
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Pozos Terminados por Año
Drilled wells
68.981 Drilled wells
23.458 Oil productive wells
46.000 m3/d Gas per well
4 m3/día Oil per well
43 m3/día Water per well
2.564 Natural gas productive wells
Fuente: Secretaría de Energía de la Nación (2014)
Argentina Energy Demand
Coal 2% Nuclear 3%
(*) Estimado
Supply of Nat’l Gas
144 141 142 140 138 133 129 125 121 114 114 118
4 5 5 5 3 5 5 7 13 16 17 22 5 11 12 16 17 14
0 20 40 60 80
100 120 140 160 180
MM
m3/
día
Año
LNG BOLIVIA ARGENTINA
Import Prices
(*) Estimado
1.7 2.6
4.2 5.2
8.7
5.7
7.3
9.4
10.9 10.4 10.3
6.34
7.5
12.3
15.6 16.6
14.6
11.1
0
2
4
6
8
10
12
14
16
18
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015*
US$
/MM
btu
Año
Bolivia
LNG
Future Gas Demand
-
50
100
150
200
250
300
2014 2019 2024 2029 2034
MM
m3/
d
R+P USINAS INDUSTRIA + RTP GNC
Increase in Transport
Natural gas demand will reach 230 MMm3/d with a peak of 290 Mm3/d.
Up to 8000 km of new pipelines.
1.3 millons HP of incremental compression capacity.
Revamping of existing infrastructure.
Total investment in 20 years: up to 22.000 MMUSD.
Increase in Distribution
5.1 of new End Users (from 8 to 13 millions).
87.000 km of new distribution lines.
Reworks on internal installations.
Total investments in 20 years: 20.000 MUSD.
Increase in Power Generation
Around 40.000 MW will be incorporated into the system.
The incorporation of new CCGT will
increase the system flexibility allowing to install around 11.000 MW of renewables, representing
a 17% of the total generation.
Nuclear
Thermal
Hydro Wind
IAPG
*US Energy Information Agency 2013
802 TCF*
Shale gas estimated resources-Argentina
308 273 130 86 3
Chaco-paranaense
Vaca Muerta Los Molles Fueguina San Jorge
(TCF )
Comparison with giant “Loma La Lata"
308 TCF Vaca Muerta
10,8 Loma de la Lata
(TCF)
Vaca Muerta today
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
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PRODUCCIÓN SHALE OIL ARGENTINA - MES CALENDARIO
YPF
Otras Empresas
0.00.10.20.30.40.50.60.70.80.91.01.11.21.3
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MMm3/dPRODUCCIÓN DE SHALE GAS EN ARGENTINA
YPF Otras Empresas
Unconventional activity
Unconventional 4.43%
954 unconventional wells drilled as of 31st of December of 2015 583 shale O&G and 371 tight gas.
Production
Oil 93%
Gas 7%
Vaca Muerta today
91% vertical wells with five frac stages. Mostly shale oil
What would be required to reach 1000 drilled wells per year?
2013E
Wells Drilled 150 x7 1,000 12,000 1 year worth of wells
Drilling Rigs (# count) 20 x5 100 2,400 new equipement
Fracking Capacity (´000 HHP) 250 x4 890 500 new equipement
Frac Spreads (# count) 8 x3 22
Proppant (´000 tons/yr) 204 x9 1,879 850 1 year worth of supply
Water for Fracking (million m3/yr) 1 x10 10
in m/s 0.03 0.3
Capex (million US$)
1000 wells/yr
Thank you