YPF, Pluspetrol put $160 mln in gas pilot
Argentina Argentina YPF gas rigs
The pilot will entail the drilling of nine horizontal wells to test gas prospects in 2018 and 2019. The plan is being analysed by the Ministry of Energy and Mining and could be approved to begin by May.
Based on the results, the companies could invest another USD 450 million in 2019-2021 for 35 additional wells and the construction of field infrastructure, including a gas treatment plant with a capacity of 2 mcm (70.6 mcf) per day.
The Argentinian NOC and local major are engaged in a 50-50 joint venture in the 230-square-kilometre La Calera block.
Recent Posts
UK allows oil exploration in North Sea wind project zones
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 closes acquisition of Pioneer, creating Permian powerhouse
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 enters Namibia’s Orange Basin
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
Chariot starts gas drilling campaign in Morocco
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 acquires Trinidad E&P player Trinity
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil “optimistic and pushing forward” with Mozambique’s Rovuma LNG
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More