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Important Impetus to the Development of Non-Conventional

Source: www.gulfoilandgas.com 1/10/2017, Location: South America

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The President of the Nation, Mauricio Macri, announced an important agreement with the province of Neuquen, the companies and the oil unions to promote the exploitation of oil and non-conventional gas in the area of Vaca Muerta. Accompanied by energy and labor ministers, Juan Jose Aranguren and Jorge Triaca, respectively, among other officials, Macri led the event at the Casa Rosada, where the president of YPF, Miguel Gutierrez, and officials of our company.

"Without energy, there is no development. Today is a day that opens a stage for the future of our country's energy," said the President, who highlighted the dialogue between the different sectors that made this agreement possible. Macri said that it will produce "a revolution of the work around this natural resource".

The signing of this addendum was made with the objective of seeking greater levels of efficiency, productivity and sustainability. This firm is the result of a joint work in which the main actors of the industry, such as the Government, provincial governors, guilds and representatives of the production companies, are involved, establishing new rules and incentives. Miguel Gutiérrez, the president of YPF, was the promoter of the project.

"It is a pleasure to participate in this event led by the President of the Nation. It is a sample of what we can achieve as an industry when we all work with the same goal. These measures will allow us to boost the development of unconventional resources in the country and promote investments to generate the energy that Argentina needs for its development, "said Gutierrez.

This announcement will be vital to promote investments for the development of unconventional resources of Vaca Muerta and the Neuquen Basin. And among its main changes are the definition of the endowments of the service teams, the elimination of taxi hours to find a balance in the salaries of the oil sector, the use of artificial light to perform night maneuvers for a better use of time And avoid dead time, simultaneous operations, since in the same location may have two or more service companies operating at the same time and an eight-hour working day, from Monday to Friday for operational and maintenance tasks.

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