MercoPress. South Atlantic News Agency
Can Argentina capitalize on its vast shale reserves?
Argentina, once a regional energy leader, is now better known for financial busts and bombastic politicians than hydrocarbons prospects. Still, with a resource potential both vast and untapped, the nation has never been far from energy investors' minds. The question today is just how much Argentina is willing to change and how this plays into a low oil price environment that is already negatively impacting investment elsewhere. Read full article
Comments
Disclaimer & comment rulesArgentina, once a regional energy leader, is now better known for financial busts and bombastic politicians than hydrocarbons prospects.
Apr 02nd, 2015 - 08:19 am - Link - Report abuse 0The above says it all !!!!!!
With today's success in finding more oil and gas off the Falkland Islands, who needs Argentina?
Apr 02nd, 2015 - 08:22 am - Link - Report abuse 0They're pinning a lot on a new president. But after 70 years what will really change?
Apr 02nd, 2015 - 10:07 am - Link - Report abuse 0Equivalents indeed.
Apr 02nd, 2015 - 11:41 am - Link - Report abuse 0How many barrels per day of what specific gravity oil do you actually have going in the tank? Huh? How many million cubic feet of gas per day do you have going in the line?
128 barrels a day per well!
Apr 02nd, 2015 - 11:46 am - Link - Report abuse 0Ha, ha, ha.
Puffery to the fore, but can we believe the numbers? NFC.
You have to tip your hat to Oilprice: I think they must have sold ice to the inuit.
Same old, same old as far as YPF are concerned.
Not equivalents. That could include gas products.
Apr 02nd, 2015 - 12:19 pm - Link - Report abuse 0Letter to the UN regarding the use of the term “British thermal units” LOL
Apr 02nd, 2015 - 12:44 pm - Link - Report abuse 0“The promise of a change of government– and potentially a more market-friendly approach – later this year should add to the country's appeal.”
Apr 02nd, 2015 - 01:14 pm - Link - Report abuse 0Translated: if a government caters to outside interests instead of putting the country at the forefront, then corporations may be attracted back.
All they need is a low-royalty regime and the possibility of taking back home their with no “nationalist” type of restrictions.
Dream while you can.
may return to Argentina.
Wells drilled in VM are woefully unprofitable. It costs 160% more to drill in Argentina for 1/2 of the daily return.
Apr 02nd, 2015 - 01:21 pm - Link - Report abuse 0Until those numbers change no about of “subsidy” from the lithium soaked dingbat running the country into the ground will make any any difference.
BRCA spent U$140MM trying to support the Peso yesterday.
They are in serious problems.
2 littleenglander
Apr 02nd, 2015 - 01:52 pm - Link - Report abuse 0“With today's success in finding more oil and gas off the Falkland Islands, who needs Argentina?”
the only gas you can find in the islets is that nube de pedos where you live in.
”Oil prices are set at $77.50 per barrel and natural gas as $7.5 per million British thermal units (MMBtu). Of course, this provides no such protection for exporters.”
Apr 02nd, 2015 - 02:38 pm - Link - Report abuse 0http://online.barrons.com/articles/why-saudis-could-let-crude-oil-drop-to-25-1427771502
10
Apr 02nd, 2015 - 03:19 pm - Link - Report abuse 0Evidently you are wrong. Plenty oil and gas already and current campaign has only just begun. Only issue is the oil price and that is starting to go up.
But just assuming you are right, what then, exactly, is Argentinas interest in these Islands. The way you go on, if Argentina was lucky enough to ever possess them, it would want to get rid of them almost immediately. The UK and Falkland Islanders love these Islands and surrounding maritime space and want them to be British forever. You don't appear to disagree and support the status quo. Not that it would matter if you didn't, simply because, militarily, Argentina is too weak to do anything about it.
It never makes much sense to cap a commercial hole that's why the Falklanders will see oil money sooner than Arg.
Apr 02nd, 2015 - 03:27 pm - Link - Report abuse 0Nobody drills new unprofitable holes for very long.
VM potential will be talked about for a very long time never being realized.
“Can Argentina capitalise on its vast shall reserves?”
Apr 02nd, 2015 - 04:04 pm - Link - Report abuse 0Maybe and maybe I can learn to whistle Dixie through my asshole!
The chances are about equal, in my estimation.
@10 idiot child/payaso/mamarracho/paulcedron.
Apr 02nd, 2015 - 05:46 pm - Link - Report abuse 0Exactamente ¿que tienen que ver los pedos de las islas Falkland con la industria hidrocarburos de Argentina?
An adult reply would be appreciated.
gordo tirapedos
Apr 02nd, 2015 - 06:03 pm - Link - Report abuse 0gas = pedo
you should know it, since you are a nube de pedos with eyes.
a true power source.
Can Argentina capitalize on its vast shale ,
Apr 02nd, 2015 - 06:32 pm - Link - Report abuse 0Well on this occation I support its efforts to make this a success,
why,
perhaps if they made this work , made some money,
they may well at the very least do 3 basic things,
1, leave the Falkland's alone, withdraw its claim and live in peace,
2, pay of her debts,
3, invest in Argentina and make sure the wealth is shared with the people,
We can least wish , hope and pray,
the alternative is already being played out..
just an early Christmas thought..
@ 17 Briton
Apr 02nd, 2015 - 06:57 pm - Link - Report abuse 0“just an early Christmas thought..”
Which Christmas though, 25 years?
:o)
Again a typical infantile reply @16 from idiot child/payaso/mamarracho/paulcedron.
Apr 02nd, 2015 - 08:29 pm - Link - Report abuse 018@
Apr 02nd, 2015 - 10:27 pm - Link - Report abuse 0good point...
please, let us return to the title of the article...
Apr 02nd, 2015 - 10:40 pm - Link - Report abuse 0“ Can Argentina capitalize on its vast shale reserves? ”
In my opinion, no, it can't. Simply becauese they refuse to play by international rules, and there-fore will be forever left on the side-line.
It matters little what the local people think, because the world has already judged Argentina, and found it wanting.
The World doesn't trust Argentina.
That is all there is to say.
21. It is as simple as Argentina Gov't and most Argentinians personally are not honorable.
Apr 03rd, 2015 - 12:01 pm - Link - Report abuse 0Its been that way since their founding.
They've been known scumbags for 200 yrs.
as always in this 4th class site, we can measure the huge ignorance of its posters through their use of generalisations.
Apr 03rd, 2015 - 07:39 pm - Link - Report abuse 0the typical blindness of their cultural ignorance.
maybe this bunch of ignoramuses should read “Cultural Intelligence: CQ: The Competitive Edge for Leaders Crossing Borders”.
but surely they will not understand a shite.
@23 idiot child
Apr 04th, 2015 - 06:50 am - Link - Report abuse 0You ask us to read “Cultural Intelligence: CQ: The Competitive Edge for Leaders Crossing Borders” - so that then we can explain to you afterwards what it's all about?
Nabo.
@24 Gordo
Apr 04th, 2015 - 07:42 am - Link - Report abuse 0You're right.
Note that Potty-mouth Pablo doesnt reference any passages that pertain to Argentina.
He probably can't put a coherent argument together that will hold up to much more than a sneeze.
Speaking of “generalisations”,
The rhetoric probably 'sounds good' , but identifying key points is asking too much of him.
Interesting that paco-pilot-cedron asks all posters here to reference a British author published by Bloomsbury, ( a UK Publishing House).
Apr 05th, 2015 - 01:50 am - Link - Report abuse 0Obviously he can't find similiar in Argentina.
”Julia [Middleton] has helped in the founding of: Demos (an independent [London political] 'think tank'), Impetus Trust (developing venture philanthropy in the UK) and was also involved in the founding of The Media Standards Trust (fostering high standards in the news media) and Alfanar (developing venture philanthropy in the Arab world) and is now on the board of both. She is also on the International Advisory Council for Fundação Dom Cabral (a non-profit business institution in Brazil).
Julia [Middleton] was born in London and educated at French Lycées around the world. She worked for the Industrial Society after receiving an economics degree from the London School of Economics.”
http://www.amazon.com/Julia-Middleton/e/B001JRU9KO/ref=dp_byline_cont_book_1
To understand true 'cultural ignorance' he only needs to open the plastic door of his shack... and hope he doesn't get shot.
It is academic women, such as the English Julia Middleton, that influence Global Leaders, thus deciding the real fate of countries like Argentina.
paulie, you don't own your future, others do.
Must be quite upsetting for you. No wonder you are so bitter.
People here talk as if nationalizations and bending of the rules hasnt being a constant in petroleum industry in the XX Century and chose to believe Argentina will fail because of this...
Apr 05th, 2015 - 04:13 am - Link - Report abuse 0The problems are the myths argentines believe in.... like the need to have a national monopolium that controls the oil and gas market, that foreign companies are here to exploit and robb the energy wealth, and so on...
It wil depend on a lot of factors, but overall the need to regain sufficient home produced energy and leveling the comercial balance would be a reason enough for the politicians to get a solution.
The State should AT LEAST sell half of the shares it has on YPF before they make the country credible for investors and other players.
Have most of the above posters written the story they are commenting on? Or just the headline? Come on, read again (or just read it):
Apr 09th, 2015 - 05:15 pm - Link - Report abuse 0“...exploration and production in the unconventional fields is slowly picking up. Argentina is one of just four countries to produce commercial quantities of shale oil or gas – joining the US, Canada, and China – and is the only producer in Latin America.”
“Argentina's shale fields are currently producing 41,000 barrels of oil equivalent per day from 320 wells...foreign investors are also trickling back to Argentina...” (detail of investments follows).
No, I guess they haven't read it. They have just listened once again the inner voice of their prejudices.
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