Operations - Estrella International Energy Services Ltd.

Target Market ‐ Argentina
Government take over of YPF sets the
tone for massive non conventional
potential
• Government take over of 51% of YPF has
set a negative investment sentiment for
outsiders unfamiliar with the market but is
likely to spur rapid drilling increases
• Massive shale gas and oil potential (EIA
rates Argentina’s gas resource potential as
third highest in the world behind the US
and China
• Infrastructure and workforce are in place
to support a boom, but import and
investment environment could be
improved to help speed the entry of the
required equipment into the country
• Growing negative energy trade balance is
forcing rapid action in the sector
• Government has started to work to
improve the labour situation
Rig 551 has drilled 180+ wells in four
years in Argentina
Drilling Rigs
Operating
Workover Rigs
Operating
Active Drilling
Contractors
65 Approx. 250 Over 10
Source: Baker Hughes
16