PIAM aims to boost gas production from 2.4 mcm (84.7 mcf) to 4 mcm (141 mcf) per day at the offshore Magallanes field. To achieve this, infrastructure including new gas separators, turbo-compressors and pipelines has been added. New units and a compression plant have also been installed at the Faro Vírgenes gas treatment plant.
“This ambitious project contributes to the supply of energy in Argentina and bolsters regional integration,” Enap general manager Marcelo Tokman said in the statement.
PIAM was first announced in June 2016. Since 1994, YPF and Enap have worked as 50-50 partners in the Magallanes field, located near the eastern mouth of the Strait of Magellan.
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
This website uses cookies.