The Vaca Muerta formation is reported to hold an estimated 9 billion barrels of oil resources, according to information from Rigzone. These resources are considered economically viable for extraction at a price point below $55 per barrel.
A director at EIR stated that the Vaca Muerta formation exhibits a rare combination in the current upstream market. This combination includes significant growth potential alongside low-cost competitiveness.
The assessment highlights the formation's capacity for expansion and its ability to produce oil at a relatively low cost. This characteristic distinguishes it within the broader upstream sector, as noted by the EIR director.
The estimated volume of oil resources underscores the importance of the Vaca Muerta region. Its economic viability at a sub-$55 per barrel price point suggests a strong competitive position in the global oil landscape.
