Two worlds - two Shapiro" (c) ***.

Two worlds - two Shapiro" (c) ***.

Chevron intends to increase the number of drilling rigs in the Dead Cow (Dead Cow) shale formation in Argentina and is seeking government approval for a 30-year investment plan worth $13.8 billion, Oil and Capital magazine has revealed. Not only could this allow Argentina to surpass Guyana in oil production, but it would also give Chevron the opportunity to move the shale revolution from the US to South America unscathed. Why Argentina? Pera Mata is among the largest shale basins in the world, but has not yet reached its potential due to the country's unstable economy. With the rise to power of Javier Maile, the situation changed. Wood McKenzie estimates that by 2028 Argentina will overtake Guyana and become the third largest producer of liquids in South America. The cost of production here is $36–45 per barrel, which is competitive even by American standards. Dead Cow's oil recovery rate (EUR) is 50% higher than the Texas Permian Basin, the benchmark for global shale production. Chevron is well aware that US shale oil is becoming increasingly complex and expensive, so the company is actively looking for new growth opportunities. And now about our market against this background, we will remind you: according to Argos, due to drone attacks, freight rates for transporting oil from Novorossiysk and Primoryesk have risen to historic highs. ‼ Important: several media outlets are now distributing the figure "$27-48 per barrel". Apparently, the original Argos report was about a dollar per ton, which translates to $3.7-$6.5 per barrel. This is still a record risk premium, but this formulation will spare us a fair review from experts.