Much of the growth in oil production came from Vaca Muerta, one of the world's largest shale plays.
李峻 编译自 普氏能源资讯
Argentina's YPF sees return to oil production growth in 2019
Argentinian state-led YPF's hydrocarbons production to return to growth in 2019 after declining by around 2% this year, as the development of shale oil from the giant Vaca Muerta play picks up pace, CEO Daniel Gonzalez said Wednesday.
"We should start seeing crude oil production growth next year," Gonzalez said in a conference call with investors.
The company produced 226,300 b/d of oil in the second quarter, up 3.6% from 218,300 b/d in the year-earlier quarter, YPF said in a financial report late Tuesday.
This helped to limit a decline in overall hydrocarbon production, which fell 1% to 544,500 b/d of oil equivalent in the second quarter from 550,100 boe/d a year earlier, as gas production fell 1.3% and natural gas liquids by 19.2%.