Vista and Nabors to Deploy Third Drilling Rig to Vaca Muerta, Argentina
Vista Energy and Nabors Industries have signed a contract to deploy a third drilling rig in Vaca Muerta, Argentina. The project aims to accelerate Vista's development in the region, with the expectation of putting between four to eight wells into production by year-end. The collaboration represents an extension of a strategic relationship between the two companies, with a focus on operational excellence and environmental sustainability.
Vista Energy and Nabors Industries are expanding their operational capacity by deploying a third drilling rig in Vaca Muerta, Argentina, showcasing commitment to developing world-class resources in the region.
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The signing occurred at Nabors' offices in
Juan Garoby, COO of Vista said: "The addition of a third drilling rig will provide us flexibility to accelerate our activity plan in Vaca Muerta. We forecast to put into production between four to eight wells by year-end, in addition to the 46 previously announced. We are pleased to carry out this project in collaboration with Nabors, which represents a significant extension of a strategic relationship during Vista´s early days, anchored in our One Team program."
Anthony G. Petrello, Chairman, CEO and President of Nabors said: "By expanding our relationship with Vista and deploying advanced technology, we are enhancing operational excellence while increasing our commitment to a region that we consider to be a world-class resource. We want to thank the Vista team for their leadership and early adoption of technology, which sets a high standard for advancement and performance in
Nabors will deploy a high-spec rig with cutting-edge technologies. It is scheduled to commence operations in the second half of 2024. In support of Vista's plan to reduce the carbon footprint of Vaca Muerta operations, there is potential to electrify this equipment.
Earlier this year, using Nabors provided technology, Vista electrified the first drilling rig in Vaca Muerta, Nabors PACE® F24, which is entirely powered by renewable energy.
About Vista
Vista is an independent energy company focused on Vaca Muerta, operating since April 4, 2018, and listed on the Mexican and New York Stock Exchanges. The company develops high-quality, low-cost assets in
Vista aims to play a leading role in energy evolution, with the goal of becoming a reliable, low-carbon energy company. To learn about Vista's progress and objectives in its sustainability strategy, you can access the company's Sustainability Report at www.vistaenergy.com.
About Nabors Industries
Nabors is a leading provider of advanced technology for the energy industry. With presence in more than 20 countries, Nabors has established a global network of people, technology and equipment to deploy solutions that deliver safe, efficient and responsible energy production. By leveraging its core competencies, particularly in drilling, engineering, automation, data science and manufacturing, Nabors aims to innovate the future of energy.
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SOURCE Nabors Industries Ltd.
