Project Profile
Project value: US$229 million
Location: Vaca Muerta play, Neuquén Province, Argentina
Production: 770 barrels of oil a day (average rate)
Depth (drilling): approx. 4,570 m
Start-up Year: -
ExxonMobil Corp through its affiliate, ExxonMobil Exploration Argentina jointly with Gas y Petróleo del Neuquén, has discovered oil and gas in an unconventional shale well in Neuquén Province of Argentina. Located in the liquids-rich area of the Vaca Muerta play, the Bajo del Choique X-2 well was drilled to a total measured depth of approx. 15,000 feet (4,570 metres). The horizontal leg of the well extends for 3,280 feet (1,000 metres). The well was completed in the Vaca Muerta formation and flowed at an average rate of 770 barrels of oil a day on a 12/64 inch choke in its first flow test. Data analysis and additional studies are being conducted to fully evaluate this discovery. Appraisal wells will also need to be drilled before a commerciality decision can be made.
ExxonMobil Exploration Argentina holds interests in approximately 900,000 net acres in the unconventional shale oil and shale gas plays of the Vaca Muerta in Neuquén Province.
Operators:
ExxonMobil Exploration Argentina: Operator with 90% interest
Gas y Petroleo del Neuquén: 10% interest