Argentina's Vaca Muerta Shale Set to Hit 1 Million Bpd by 2030

Argentina’s Vaca Muerta shale play reached a new oil production record of 400,000 barrels per day (bpd) in the third quarter and is on track to hit 1 million bpd by 2030, according to Rystad Energy’s latest analysis. The 35% year-on-year surge in third-quarter production was driven by improved productivity and expanded takeaway capacity, led by flagship operator Yacimientos Petrolíferos Fiscales (YPF) and bolstered by local independent producers. YPF, which accounted for nearly 55% of Vaca Muerta’s oil production last quarter,…