Connection

popular articles

Sinopec unveils global energy forecast to 2060 at event in Saudi Arabia
Phelan Green Energy invests USD 2.4 billion in green ammonia in Peru
Galp Energia: Sharp rise in first-quarter profits
Moldova: Gas Transit to Transnistria Allowed Under Conditions
NextGen Purchases Carbon Credits from Alt Carbon in India

Argentina: Pampa Energía to invest in shale gas project

Pampa Energia, one of Argentina's leading natural gas producers, is preparing to invest $200 million in a pilot oil project in the rich Vaca Muerta shale basin. This initiative is designed to diversify the company's gas-focused activities by targeting production of 200,000 barrels per day.
  • [favorite_button]

Please share:

Pampa Energía, Argentina’s fifth-largest natural gas producer, plans to invest $200 million in a pilot oil project in the Vaca Muerta shale basin, with the aim of reaching 200,000 b/d of production over the next few years, thus helping to diversify its upstream gas-intensive activities, company executives said Aug. 10.

Ambitious Projects: Drilling and Infrastructure Planned on the Rincón de Aranda Block

The company plans to drill two four-well platforms and build related facilities and infrastructure for the pilot on its Rincón de Aranda block, starting in the first quarter of 2024, said Executive Director of Exploration and Production Horacio Turri on a conference call with investors.

The aim is to complete the pilot project by the end of 2025, when the company plans to move into the full-scale development phase, Turri added. If the development phase continues, production at Rincón de Aranda could reach 200,000 b/d by around 2027, he said.

“We will need additional transport capacity to evacuate all the production from the block,” said Turri.

New Path for Pampa: Strategic acquisition of Rincón de Aranda

Pampa took control of Rincón de Aranda in June by swapping a 100% stake in a wind farm with TotalEnergies in exchange for the latter’s 45% interest in the block, a move aimed at diversifying its upstream gas-focused activities. The upstream portfolio now stands at around 90% gas and 10% oil, according to company data.

On the conference call, Pampa CEO Gustavo Mariani said the goal was “to become a player in oil production.” The company has already drilled and tested a well on the Rincón de Aranda.

“We expect oil production to expand, which is why we made this deal to acquire Rincón de Aranda,” said Mariani.

“If the wells deliver what we expect them to deliver, the acquisition would be an exceptional transaction in terms of cost per acreage.”

Turri said the company might consider expanding its oil acreage in Vaca Muerta, one of the world’s largest shale plays.

“We’re always looking for new opportunities,” he said. If the price is right, we might be willing to consider them.”

 

Register free of charge for uninterrupted access.

Publicite

Latest news

European Energy and Ammongas launch CO₂ capture project targeting 150,000 tons annually
Energy Estate acquires strategic energy complex in California to produce hydrogen
Gaia carbon capture project secures key pre-qualification in Denmark
Boralex secures two 450 MW solar contracts in New York State
Europe commits €800bn to defence, destabilising strategic metals supply balance

Recently published in

Sonelgaz to invest $4.94bn to strengthen its network and electricity exports

The Algerian state utility plans a 56% increase in 2025 investment, targeting domestic network expansion and electricity export growth towards Europe and Africa.
Indonesia faces gas shortage by 2033 without new projects
Wood Mackenzie warns of a potential gas supply deficit in Indonesia, due to slow development of untapped resources and a lack of attractive regulatory framework.
en_1140290978540-4
Indonesia faces gas shortage by 2033 without new projects
Wood Mackenzie warns of a potential gas supply deficit in Indonesia, due to slow development of untapped resources and a lack of attractive regulatory framework.
en_1140290978540-4
Mubadala Energy signs gas supply deal with Indonesia’s Pupuk for 200 mmscf/d
Mubadala Energy will supply natural gas to two Pupuk Indonesia plants starting in late 2028, when production begins at the South Andaman block, according to statements made at an industry forum in Jakarta.
en_1140290959540-11
Mubadala Energy signs gas supply deal with Indonesia’s Pupuk for 200 mmscf/d
Mubadala Energy will supply natural gas to two Pupuk Indonesia plants starting in late 2028, when production begins at the South Andaman block, according to statements made at an industry forum in Jakarta.
en_1140290959540-11
QatarEnergy launches LNG production in the US and accelerates North Field expansion
QatarEnergy is set to begin liquefied natural gas production in the US by the end of 2025 and expand its North Field East project in Qatar starting mid-2026.
en_1140290960540-10
QatarEnergy launches LNG production in the US and accelerates North Field expansion
QatarEnergy is set to begin liquefied natural gas production in the US by the end of 2025 and expand its North Field East project in Qatar starting mid-2026.
en_1140290960540-10

TotalEnergies signs agreement to purchase 2 Mtpa of LNG from Ksi Lisims LNG project in 2025

TotalEnergies has signed a 20-year contract to purchase 2 million tonnes per annum (Mtpa) of LNG from Ksi Lisims LNG, a liquefaction project located in British Columbia, Canada.
Shell secures broad strategy approval but fails to unite on LNG
Shell shareholders approved 21 out of 22 resolutions at the Annual General Meeting, rejecting a motion related to liquefied natural gas activities despite strong overall support for the group’s strategy.
en_1140290952540-10
Shell secures broad strategy approval but fails to unite on LNG
Shell shareholders approved 21 out of 22 resolutions at the Annual General Meeting, rejecting a motion related to liquefied natural gas activities despite strong overall support for the group’s strategy.
en_1140290952540-10
Santos gets green light for $2.3 billion gas project in New South Wales
An Australian tribunal has approved Santos' $2.3 billion Narrabri gas project despite objections from Indigenous communities and environmental concerns, citing major public benefits for gas supply.
en_1140290946540-10
Santos gets green light for $2.3 billion gas project in New South Wales
An Australian tribunal has approved Santos' $2.3 billion Narrabri gas project despite objections from Indigenous communities and environmental concerns, citing major public benefits for gas supply.
en_1140290946540-10
Two $110bn energy deals signed between Kurdistan and US-based companies
Kurdistan signs oil and gas development agreements with HKN Energy and Western Zagros worth $110bn over the projects’ lifespan.
en_1140290959540-10
Two $110bn energy deals signed between Kurdistan and US-based companies
Kurdistan signs oil and gas development agreements with HKN Energy and Western Zagros worth $110bn over the projects’ lifespan.
en_1140290959540-10

Pertamina signs ten gas sales agreements with local companies

Indonesian state-owned oil company PT Pertamina has signed ten gas sales agreements with domestic firms, including gas distributor PGN and electricity provider PLN.
Asian LNG market hits record with 1,946 JKM derivatives orders
Physical and derivatives trading of liquefied natural gas in Asia reached unprecedented levels during the June pricing period, with a significant increase in bids and transactions amid the shoulder season.
en_1140290976540-3
Asian LNG market hits record with 1,946 JKM derivatives orders
Physical and derivatives trading of liquefied natural gas in Asia reached unprecedented levels during the June pricing period, with a significant increase in bids and transactions amid the shoulder season.
en_1140290976540-3
Mexico targets $1.6bn in annual savings by cutting US gas purchases
Mexico could eliminate imports of 384 billion cubic feet of gas per year by reaching 45% clean electricity by 2030, according to Ember.
en_1140290982540-3
Mexico targets $1.6bn in annual savings by cutting US gas purchases
Mexico could eliminate imports of 384 billion cubic feet of gas per year by reaching 45% clean electricity by 2030, according to Ember.
en_1140290982540-3
Energean exits Moroccan offshore after gas drilling yields mixed results
Energean transfers its offshore stakes in Morocco to Chariot just one year after entering the market, following below-expectation outcomes from the Anchois-3 gas well.
en_1140290999540
Energean exits Moroccan offshore after gas drilling yields mixed results
Energean transfers its offshore stakes in Morocco to Chariot just one year after entering the market, following below-expectation outcomes from the Anchois-3 gas well.
en_1140290999540

Turkey banks on 75 bcm gas field to ease import bill

Ankara announces the discovery of a new Black Sea gas reserve worth $30bn as part of its strategy to boost public investment in the energy sector.
Indonesia launches two offshore projects to strengthen energy independence
Two new oil and gas sites in the Natuna Sea are expected to produce 20,000 barrels of oil and 60 million cubic metres of gas per day.
en_1140291008540
Indonesia launches two offshore projects to strengthen energy independence
Two new oil and gas sites in the Natuna Sea are expected to produce 20,000 barrels of oil and 60 million cubic metres of gas per day.
en_1140291008540
Enbridge sells 12.5% stake in British Columbia pipeline to 36 First Nations
A CAD715mn ($524mn) partnership enables First Nations to co-own the Westcoast system, backed by a federal loan guarantee of CAD400mn ($293mn).
en_1140290985540-1
Enbridge sells 12.5% stake in British Columbia pipeline to 36 First Nations
A CAD715mn ($524mn) partnership enables First Nations to co-own the Westcoast system, backed by a federal loan guarantee of CAD400mn ($293mn).
en_1140290985540-1
New Pipeline Connecting Permian Basin to Midwest Scheduled for 2028
Tallgrass Energy announces plans for a pipeline directly connecting the Permian Basin to the Rockies Express network, scheduled to start operations in late 2028 after securing initial commercial agreements with key shippers.
en_1140290945540-8
New Pipeline Connecting Permian Basin to Midwest Scheduled for 2028
Tallgrass Energy announces plans for a pipeline directly connecting the Permian Basin to the Rockies Express network, scheduled to start operations in late 2028 after securing initial commercial agreements with key shippers.
en_1140290945540-8

Aramco could invest in Woodside’s Louisiana gas project

Woodside Energy has announced a collaboration agreement with Saudi Aramco for a potential stake in its $17.5bn liquefied natural gas project in Louisiana, scheduled to begin production in 2029.
Sinopec drills 5,300 metres deep and sets new record for shale gas
Sinopec announced a new vertical depth record with its Tiebei 1HF well, reaching 5,300 metres and producing over 314,000 cubic metres of gas per day in the Sichuan Basin.
en_1140290957540-8
Sinopec drills 5,300 metres deep and sets new record for shale gas
Sinopec announced a new vertical depth record with its Tiebei 1HF well, reaching 5,300 metres and producing over 314,000 cubic metres of gas per day in the Sichuan Basin.
en_1140290957540-8
McDermott successfully installs Scarborough FPU off the coast of China
McDermott has completed the offshore installation of the Scarborough floating platform for Woodside Energy, marking a key step in the preparatory maintenance phase of the gas project in Western Australia.
en_1140290950540-8
McDermott successfully installs Scarborough FPU off the coast of China
McDermott has completed the offshore installation of the Scarborough floating platform for Woodside Energy, marking a key step in the preparatory maintenance phase of the gas project in Western Australia.
en_1140290950540-8
ArcLight takes majority control of NGPL amid rising energy demand
The fund managed by ArcLight Capital Partners has acquired 25% of Natural Gas Pipeline Company of America, bringing its total stake to 62.5% alongside Kinder Morgan.
en_1140290944540-2-2
ArcLight takes majority control of NGPL amid rising energy demand
The fund managed by ArcLight Capital Partners has acquired 25% of Natural Gas Pipeline Company of America, bringing its total stake to 62.5% alongside Kinder Morgan.
en_1140290944540-2-2

NRG Energy acquires 25 GW of capacity in $12 billion deal

NRG Energy acquires energy assets from LS Power, including 18 natural gas power plants, to strengthen its portfolio amid expected growth in U.S. electricity demand.
Woodway Energy appoints Diaco Aviki as CEO to drive growth
Diaco Aviki succeeds Thomas King at the helm of Woodway Energy Infrastructure amid expansion of its natural gas infrastructure in Texas.
en_1140290958540-2
Woodway Energy appoints Diaco Aviki as CEO to drive growth
Diaco Aviki succeeds Thomas King at the helm of Woodway Energy Infrastructure amid expansion of its natural gas infrastructure in Texas.
en_1140290958540-2
The European Union plans to ban all Russian gas imports by the end of 2027
Brussels announces a full exit from Russian gas by the end of 2027, despite a remaining 9% dependency and pressure on the global liquefied natural gas market.
en_1140290951540-2
The European Union plans to ban all Russian gas imports by the end of 2027
Brussels announces a full exit from Russian gas by the end of 2027, despite a remaining 9% dependency and pressure on the global liquefied natural gas market.
en_1140290951540-2
SiEnergy acquires EPCOR’s Texas gas business for $60mn
US-based SiEnergy strengthens its footprint around Houston by acquiring Hughes Gas Resources, an EPCOR subsidiary, for $60mn, expanding its natural gas asset portfolio.
en_1140290946540
SiEnergy acquires EPCOR’s Texas gas business for $60mn
US-based SiEnergy strengthens its footprint around Houston by acquiring Hughes Gas Resources, an EPCOR subsidiary, for $60mn, expanding its natural gas asset portfolio.
en_1140290946540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS