Argentina's First Ultra-Deepwater Well Comes Up Dry

In a significant development for Argentina's energy sector, the country's first ultra-deepwater exploration well, Argerich-1, has been declared dry. Drilled by Norway's Equinor at the CAN-100 block in the Argentina Norte basin, approximately 300km off the coast of Buenos Aires province, this pioneering project did not yield the anticipated hydrocarbons. The Argerich-1 well, a collaboration between Equinor, state-controlled YPF (35%), and Shell (30%), aimed to tap into Argentina's offshore hydrocarbon potential. Despite extensive drilling efforts,…