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December 2, 2021

La Amarga Chica Unconventional Oil Field, Argentina

By Carmen

La Amarga Chica is a producing unconventional oil field located onshore Argentina and is operated by YPF. The field is located in block La Amarga Chica.

Field participation details

The field is owned by YPF and Petroliam Nasional.


Production from La Amarga Chica

The La Amarga Chica unconventional oil field recovered 5.84% of its total recoverable reserves, with peak production expected in 2028. The peak production will approximately 62.53 thousand bpd of crude oil and condensate and 45 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2059. The field currently accounts for approximately 2% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 294.59 Mmboe, comprised of 259.66 Mmbbl of crude oil & condensate and 209.63 bcf of natural gas reserves. La Amarga Chica unconventional oil field reserves accounts 0.32% of total remaining reserves of producing unconventional oil fields globally.


About YPF

YPF SA (YPF) is an integrated energy company. Its carries out exploration, development and production of natural gas, crude oil, and liquefied petroleum gas (LPG). It also carries power generation through YPF Energia Electrica. The company also conducts refining of oil and petrochemicals, logistics related to the transportation of oil and gas to refineries and distribution of refined and petrochemical products to different sales channels. It markets and distributes products to oil and gas, transport, petro chemicals, mining, aviation, naval, infrastructure and construction industries. YPF operates in Argentina, the Netherlands, Bolivia, Luxemburg, the UK and the US. YPF is headquartered in Buenos Aires, Argentina.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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