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Vaca Muerta Field Trip – YPF

YPF · Jun 25, 2019 · 28 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Vaca Muerta Field Trip – YPF – slide 1
    VACA MUERTA FIELD TRIP JUNE 2019
  2. Vaca Muerta Field Trip – YPF – slide 2
    AGENDA 01 INTRODUCTION 02 YPF SHALE ACTIVITY 03 SHALE OIL PROJECTS 04 INFRASTRUCTURE 05 MILESTONES & FUTURE CHALLENGES 3
  3. Vaca Muerta Field Trip – YPF – slide 3
    VACA MUERTA STRATEGY Achieve all these objectives with the Accelerate development activity highest standards in in Loma Campana safety and sustainability Replicate the success in La Amarga Chica and Bandurria Sur ACREAGE (MM…
  4. Vaca Muerta Field Trip – YPF – slide 4
    VACA MUERTA LEARNING CURVE OIL PRODUCTION / DRILLING RIGS 70 OPTIMIZATION 30 Rigs - RHS Oil Production (Kbbl/d) 27 59 26 26 60 2525 25 25 25 242424 2424 24 2424 MIGRATION 25 23 23 TO 2222 22 HORIZONTAL 21 WELLS 50 191919191919…
  5. Vaca Muerta Field Trip – YPF – slide 5
    REFERENCES PBN Exploration Operated VACA MUERTA ACTIVITY Exploration & Pilots Non Op. ChS PH Pilots FMo Este Development N BDT LdM TOTAL PRODUCTION STRATEGIC SDH PARTNERS Operated Gross YPF (Avg. June 2019) Mm3/d CLMi…
  6. Vaca Muerta Field Trip – YPF – slide 6
    SHALE OIL AS OUR MAIN GROWTH DRIVER SHALE OIL PRODUCTION SHALE OIL INVESTMENT (Kbbl/d)* (MUSD)* 3500 350 3000 300 2500 250 2000 200 Net YPF Net 1500 150 YPF 100 1000 50 500 0 0 2019 2020 2021 2022 2023 2019 2020…
  7. Vaca Muerta Field Trip – YPF – slide 7
    AGENDA 01 INTRODUCTION 02 YPF SHALE ACTIVITY 03 SHALE OIL PROJECTS 04 INFRASTRUCTURE 05 MILESTONES & FUTURE CHALLENGES 8
  8. Vaca Muerta Field Trip – YPF – slide 8
    VACA MUERTA VS. OTHER UNCONVENTIONAL RESOURCE PLAYS Vaca Muerta Barnett Haynesville Marcellus Eagle Ford Wolfcamp Desired TOC (%) 2 3-10 4-5 0.5 - 4 2 - 12 3-5 3 Thickness (m) 30 30-450 60 - 90 60 - 90 10 - 60 30 - 100 200 -…
  9. Vaca Muerta Field Trip – YPF – slide 9
    EXPLORATION ACTIVITY IN VACA MUERTA 2018-19 Expansion 7 WELLS of Vaca Muerta boundaries 84 743 WELLS MUSD NET YPF 2012-17 Pilots: LAC, BS, Lri, BdA, PdY Payn Oeste 61 WELLS Initial development phase of LC and EOr Start of shale…
  10. Vaca Muerta Field Trip – YPF – slide 10
    YPF LEADING THE DEVELOPMENT IN VACA MUERTA YPF AS SHALE YPF AS OPERATOR(1) PRODUCER IN ARGENTINA (2) 250 100% 91% 89% 87% 86% 90% 78% 200 22 80% 70% 75% 23 59% OIL 150 60% 53% 114 % Wells 100 29 17 41% 39%…
  11. Vaca Muerta Field Trip – YPF – slide 11
    INVESTMENTS IN VACA MUERTA TOTALED 9BUSD IN THE LAST 6 YEARS GROSS OPERATED INVESTMENT VACA MUERTA (IN MILLIONS OF USD) DRILLING FACILITIES 2,109 2,000 1,981 382 320 500 1,398 1,175 330 1,099 1,083 120 169 119 1,662…
  12. Vaca Muerta Field Trip – YPF – slide 12
    AGENDA 01 INTRODUCTION 02 YPF SHALE ACTIVITY 03 SHALE OIL PROJECTS 04 INFRASTRUCTURE 05 MILESTONES & FUTURE CHALLENGES 13
  13. Vaca Muerta Field Trip – YPF – slide 13
    PBN CLUSTER OIL N2 EXPANDING SHALE OIL BOUNDARIES ChS PH FMo Este N CLUSTER Loma Campana Bandurria BDT OIL N 1 Sur La Amarga Chica SDH LdM DEVELOPMENT Future expansion to LLL Sur CLMi LaMa PY I CA San EOR Roque CLUSTER…
  14. Vaca Muerta Field Trip – YPF – slide 14
    ACCELERATING OUR SHALE OIL DEVELOPMENTS LOMA LA AMARGA BANDURRIA CAMPANA CHICA SUR 2019 2019 2019 GROSS PRODUCTION (KBBL/D) GROSS PRODUCTION (KBBL/D) GROSS PRODUCTION (KBBL/D) 25 60 50.9 20.0 12 10.3 50 20 10 40 15 8 30 6…
  15. Vaca Muerta Field Trip – YPF – slide 15
    PRODUCTIVITY IMPROVEMENT TIMELINE LOMA CAMPANA LA AMARGA CHICA BANDURRIA SUR SE ZONE (KBbl) (KBbl) (KBbl) 375 Avg. Campaign 2016 375 Avg. Campaign 2016 375 2 wells Avg. Campaign 2017 Avg. Campaign 2017 Avg. Campaign 2018 Avg.…
  16. Vaca Muerta Field Trip – YPF – slide 16
    COST IMPROVEMENT TIMELINE DEVELOPMENT COST HORIZONTAL WELL (USD/BOE) 40 (1) 34 Loma Campana La Amarga Chica 35 30 25 20 19 20 15 15 18 12 15 10 11 9 5 0 2015 2016 2017 2018 Q1 2019 (1) Loma Campana development…
  17. Vaca Muerta Field Trip – YPF – slide 17
    AGENDA 01 INTRODUCTION 02 YPF SHALE ACTIVITY 03 SHALE OIL PROJECTS 04 INFRASTRUCTURE 05 MILESTONES & FUTURE CHALLENGES 18
  18. Vaca Muerta Field Trip – YPF – slide 18
    BUILDING AN EFFICIENT PLATFORM TO FACILITATE OUR PRODUCTION GROWTH 2014 2015 2016 PSU-GAS PIPELINE RDM LLL LOGISTIC CENTER NOC OFFICE CONTROL ROOM PRODUCTION BATTERIES WATER NETWORK PROPPANT PLANT CONTROL ROOM DRILLING-GEOST
  19. Vaca Muerta Field Trip – YPF – slide 19
    BUILDING AN EFFICIENT PLATFORM TO FACILITATE OUR PRODUCTION GROWTH 2017 2014 2018 2019 2020 BATTERIES LOMA CAMPANA OIL LA AMARGA CHICA OIL BANDURRIA SUR OIL LC-PELLEGRINI OIL PIPELINE 20 TREATMENT FACILITY TREATMENT…
  20. Vaca Muerta Field Trip – YPF – slide 20
    OIL TREATMENT FACILITIES 2019 - 2020 LOMA CAMPANA Loma Campana Construction: Start-up: Expand current capacity 2014-2016 Dec-2016 to 113.2 kboe/d Start-up: 4Q-2019 Capex: Current capacity: MMUSD 200 62.9 kboe/d La Amarga Chica Main…
  21. Vaca Muerta Field Trip – YPF – slide 21
    LC LP PIPELINE MAIN CHARACTERISTICS From: Loma Campana crude treatment plant To: Pellegrini Lake refueling station PTC LC (Medanito-Allen Oldelval pipeline) Length: Diameter: 88 Km 18 CABO LLL Transportation capacity:…
  22. Vaca Muerta Field Trip – YPF – slide 22
    PROPPANT PLANT: CURRENT INFRASTRUCTURE & PLANNED EXPANSION Initial investment: 150 MUSD Current capacity: 360,000 tn/year Expansion estimated for 2019 New capacity: 1,000,000 tn/year Required investment for expansion: 46 MUSD 23
  23. Vaca Muerta Field Trip – YPF – slide 23
    AGENDA 01 INTRODUCTION 02 YPF SHALE ACTIVITY 03 SHALE OIL PROJECTS 04 INFRASTRUCTURE 05 MILESTONES & FUTURE CHALLENGES 24
  24. Vaca Muerta Field Trip – YPF – slide 24
    INDUSTRIALIZATION + WORKING IN HUBS = EFFICIENCY, SINERGIES AND COST REDUCTIONS FACTORY The goal is reducing well MODEL construction costs and improving productivity in a consistent manner Seeks to industrialize the production…
  25. Vaca Muerta Field Trip – YPF – slide 25
    LOMA CAMPANA EVOLUTION: KEY MILESTONES 2010-2011 2012-2014 2015 2016 2017 2018 2019 & Onwards BATCH HIGH DISSOLVABLE PLUGS NEW TECH DRILLING PERFORMACE RSS MOTORS FRAC: RIG LOCK / HOT REFUELING GEONAVEGATION NEW GEN SPUDDER…
  26. Vaca Muerta Field Trip – YPF – slide 26
    OPTIMIZING SAND AND WATER SUPPLY LAST MILE FLEXIPIPES SAND BOX 27
  27. Vaca Muerta Field Trip – YPF – slide 27
    SETTING THE BAR HIGHER RATE OF PENETRATION (ROP) YTD Performance: 30 days Last Pad: 27.5 days (LLL1564) 6 architecture Record: 26.1 days (SOil391) BHA design and new technologies Optimization support room Performance based…
  28. Vaca Muerta Field Trip – YPF – slide 28
    FUTURE CHALLENGES Increase activity while maintaining a safety track record Replicate the success of Loma Campana in new developments Confirm the productivity of new hubs Plan for new developments in those new hubs Keep the…

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