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What will be Vaca Muerta's oil production level by the end of 2025?
3
Resolution / Starting Odds
Less than 500,000 bpd • 25%
500,000 to 750,000 bpd • 25%
750,001 to 1,000,000 bpd • 25%
More than 1,000,000 bpd • 25%
Official production reports from the Argentine government or consultancy reports such as Rystad
Story
Argentina's Vaca Muerta Hits Record 400,000 bpd Oil Production, 35% Increase, Amid Central Bank Reserves of $31.48 Billion
Nov 29, 2024, 06:05 PM
Argentina's oil production has reached a historic high, with the Vaca Muerta shale formation achieving a record output of 400,000 barrels per day (bpd) in the third quarter of 2024. This figure, reported by consultancy Rystad, marks a 35% increase compared to the same period last year. The surge in production has been attributed to improved productivity and evacuation capacity, and it is projected that Vaca Muerta could reach 1 million bpd by 2030. Additionally, the Central Bank of Argentina reported a record level of reserves under President Javier Milei, reaching $31.48 billion following the purchase of $227 million in foreign currency, the highest level since June 21, 2023.
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Less than 140,000 barrels per day • 25%
140,000 - 159,999 barrels per day • 25%
160,000 - 179,999 barrels per day • 25%
180,000 barrels per day or more • 25%
Less than 100,000 barrels per day increase • 25%
100,000 to 200,000 barrels per day increase • 25%
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More than 300,000 barrels per day increase • 25%
Below 800,000 barrels per day • 25%
800,000 to 900,000 barrels per day • 25%
900,000 to 1,000,000 barrels per day • 25%
Above 1,000,000 barrels per day • 25%
Less than 50,000 barrels per day • 25%
50,000 to 75,000 barrels per day • 25%
75,000 to 100,000 barrels per day • 25%
More than 100,000 barrels per day • 25%
Increase by 3 million barrels per day or more • 25%
Increase by less than 3 million barrels per day • 25%
No significant change • 25%
Decrease • 25%
Below 3 million barrels per day • 25%
3.0 to 3.5 million barrels per day • 25%
3.5 to 4.0 million barrels per day • 25%
Above 4 million barrels per day • 25%
Less than 13.5 million barrels per day • 25%
13.5 to 13.7 million barrels per day • 25%
13.7 to 13.9 million barrels per day • 25%
More than 13.9 million barrels per day • 25%
Below 13 mb/d • 25%
13 to 13.5 mb/d • 25%
13.5 to 14 mb/d • 25%
Above 14 mb/d • 25%
Below 1.5 million barrels per day • 25%
1.5 to 1.7 million barrels per day • 25%
1.7 to 1.9 million barrels per day • 25%
Above 1.9 million barrels per day • 25%