Related Articles
Forward article link
Share PDF with colleagues

Colombian shale potential draws Vaca Muerta comparison

Shale acreage up for bidding in Colombia’s 2012 licensing round could be similar to the multi-billion barrel Vaca Muerta formation in Argentina, a top Colombian oil official has claimed

“In a conversation I had with YPF… they said something that is pretty consistent with what I’ve heard from others and that is that La Luna formation is pretty similar to Vaca Muerta,” Orlando Cabrales, the head of Colombia’s National Hydrocarbons Agency (ANH) said at a Road Show event for Colombia’s 2012 licensing round in London. YPF is the largest acreage holder in Argentina’s Vaca Muerta shale formation, and has said that one portion of the play could hold more than 22.8 billion barrels of oil equivalent (boe) of potentially recoverable resources. That has made it one of the most sought-after shale plays outside of North America. The La Luna shale formation sits in the Eastern Cordillera

Also in this section
Methane rises on investors’ risk radar
20 June 2018
Methane emissions are forming an important part of investors' broader climate change strategy
Latest licensing rounds
18 June 2018
The industry's most comprehensive list of current and recent rounds for onshore and offshore licenses
Tech firms jostle for a slice of the FLNG pie
12 June 2018
BHGE, Black and Veatch, TechnipFMC and a host of other firms are honing their FLNG products