VII Seminario Estratégico - SPEEvaluación de las Perspectivas Energéticas de la Argentina

Fernando Rearte

Halliburton Argentina Country Manager

June 16-17, 2015, Buenos Aires Argentina

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Agenda

▌Unconventionals Compressing Discovery

Argentina Vs USA

▌Mature Fields

▌Argentina Oil & Gas Overview

Unconventional & Mature Fields

▌ Technology Overview

Strategic Focus for Oil & Gas Market

Present & Future

▌Efficiencies

▌ Infraestructure

▌Summary

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11611115

802707

573 545

437390

285245

167 148

U.S.A. China Argentina Algeria Canada Mexico Australia South Africa Russia Brazil Venezuela Poland

Unconventionals - shale: global potential

Source: ARI, Technically Recoverable Shale Oil and Shale Gas Resources: An Assessment of 137 Shale Formations in 41 Countries Outside the United States - June 2013

Technically Recoverable Shale Gas (Trillion Cubic Feet)

Unconventional Shale Basins

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Source: Halliburton Internal

Barnett

Marcellus

Woodford

Fayetteville

Eagle Ford

Cana

Bakken

Shale Oil

Vaca Muerta

Haynesville

Discovery 1980

Discovery

Discovery

Discovery

Disc.

Development

Development

Development

Development

Development

Discovery / Development

Discovery Development

Disc. Development

Discovery / Development

Gas

Liquids-Rich Gas

Oil

Resource Type

Play Name

2010 2012 20132011

Argentina Shale - HALLIBURTON

Los Molles

CacheutaVaca Muerta

D-129Agrio

Unconventionals Compressing Discovery

2005

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10 years ago - Conventional Wells

Argentina UnconventionalOperations

5 years ago Unconventional –Los Molles

Today - Vaca MuertaNear Future

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Mature fields

Recovery factor increase neededfor additional two-year globaloil and gas supply

Average worldwiderecovery factorfor oil

Amount of worldwideoil & gas productionfrom mature fields

1%35%70%

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▌ Subsurface Insight

▌ Customized Chemistry

▌ Surface Efficiency

▌ Immediate Impact Interventions

▌ Optimized Reservoir Management

▌ New Pay Zones

Unconventionals—shale Mature fields

Technology - Strategic focus for Oil & Gas Market

Integration

Collaboration+

▌ Delivering the lowest cost per BOE

▌ Incrementing Barrels and Maximum Recovery

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Mature Fields Technology & Knowledge - Today

▌ Immediate Impact Interventions Coiled-tubing systems

Tailored Fluid Production Chemistry

▌Optimized Reservoir Management Fiber Optics

Water Management

Pinpoint Stimulation Techniques

Refracturing – Biodegradable Diverter System

Inflow Control Devices

▌New Pay Zones Reservoir Insight

− Integrating reservoir understanding and combining the latest improvements in refracturing, microseismic, well configurations and production systems will optimally energize mature reservoirs.

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Unconventionals Technology & Knowledge - Today

▌Subsurface Insight Seismic to Stimulation Workflow

Reservoir & Production Monitoring

− Fiber Optics & Microseismic

▌Surface Efficiency Rigless Operations

Completion Systems

− Sleeves Systems

− Pinpoint Stimulation Techniques

− Refracturing – Biodegradable Diverter System

Water Management

▌Customized Chemistry Tailored Fluid Chemistry

Water Treatment

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Frac of the Future – A step change improvement

▌Minimizing environmental impact

▌Reduce personnel on location

▌Enhance fracture design

▌Reduce pad footprint

▌ Improve reliability

▌ Increase safety

Q-10 Pumping Units

Sand Castle Proppant Storage

Remote Operation Centers

Wellhead connection Unit

Dual fuel engines

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Efficiencies – Logistics Improvement

Cost

Ope

ratio

nalT

ime

3 years ago

Today

Near Future

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Infrastructure – A major need.

▌Workforce education

▌Railway network.

▌Highway network

▌ Facilities

▌Standarization

▌ Tecnology

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Comentarios Finales

▌Desarrollo de las reservas.

Compromiso

Conocimiento y Tecnologia Correcta

▌No Convencionales

Mejora de productividad.

Eficiencias.

Escala.

Tecnologia

▌ Infraestructura

▌ La oportunidad mas mayor producir al Costo Mas Bajo por BOE