Javier Milei’s strategy includes significant investment in the Vaca Muerta shale formation in Argentina, expected to achieve a production target of 1 million barrels of oil daily by 2030. The region features advanced drilling operations that tap into rich underground reserves, representing an ambitious energy initiative for the country.
In the arid desert of northwestern Patagonia, extensive drilling operations are underway, with large rigs reaching depths of 3 kilometers. These machines then extend horizontally for an additional 3 km, targeting a narrow yet resource-rich shale layer. This drilling site is located in Neuquén, Argentina, where data analysis supports precise drilling efforts focused on Vaca Muerta, a prominent shale formation containing significant oil reserves. The region features nearly 40 drilling rigs, extracting oil from dark shale layers visible amid the sandy terrain.
Javier Milei’s ambitious plan centers around the exploitation of Vaca Muerta’s unique shale resources, positioned for substantial oil production growth by 2030. With a target of 1 million barrels of oil per day, the initiative highlights Argentina’s potential in the global energy market. This strategy represents a crucial step in revitalizing the nation’s economy and boosting its energy independence.
Original Source: www.economist.com
