To the extent that the Chubut fields produce less Escalante crude oil, fewer oil royalties enter the province.
The National Energy Secretariat reported that last March Chubut produced 4,099 million barrels and that amount was 3.2% lower than the 4,237 million in the same month last year. The precise retraction was 137,485 barrels.
Last month’s decline was consolidated after a much smaller decline in February, but added to the contraction in January that had been even worse. Throughout the first three months of the year the contraction was 323,129 barrels, accumulating a drop of 2.6%.
Throughout the country throughout the quarter, oil production increased 23%, adding 10,758 million barrels and this was only explained by the traction of Vaca Muerta in the Basin, which added 11,855 million barrels, registering an increase of 18.2% year-on-year. .
In the San Jorge Gulf Basin the quarterly drop was 0.7% (-126,675 barrels), Chubut showing a reduction of 2.6% (-323,434 barrels), while in the north of Santa Cruz there was a productive increase of 3, 4% (196,759 barrels).
Source: The South End
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