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Consulting firm on Argentina oil

By on 4 Apr 2016 in quotes

“Most of the fields in Argentina are mature, and they are declining in production. A lot of investment [$20 billion per year] is needed to sustain production.  This is having an impact on production curve now [with the rig count down from 112 in 2014 to 64 in February].”

Alejandro Gagliano, a partner at Giga Consulting in Buenos Aires

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