Halliburton completes first horizontal shale well in Argentina for Apache

By Phaedra Friend Troy

Oilfield services firm Halliburton (NYSE:HAL) has completed South America’s first-ever horizontal, multistage hydraulic fracture shale gas well in Argentina’s Neuquen Basin for US independent Apache Corporation (NYSE:APA).

Drilled horizontally at a depth of more than 4,400 meters, the Neuquen Basin well targets the Molles Shale formation. Halliburton placed 10 hydraulic fracture stages in the horizontal section of the shale gas well.

Chosen by Apache for its Buenos Aires-based unconventional reservoir solutions team, Halliburton has experience in the Molles Shale formation. Halliburton was contracted to provide major well construction and completion services for the shale gas project.

The oilfield services firm has extensive experience in the unconventional shale plays in North America. Halliburton is currently positioning experienced unconventional reservoir solutions teams around the world as shale gas and unconventional resources emerge globally.

"Halliburton’s ability to apply its expertise globally will assist operators to efficiently develop frontier unconventional reservoirs," said Roberto Munoz, vice president, Latin America Region, Halliburton. "With the third largest estimated unconventional reserves after China and the United States, Argentina’s shale gas potential will benefit greatly from the application of these technologies."

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