In that period, the total natural gas obtained could amount to 2,000 million m3, equivalent to 4.4% of the production registered during 2020. These volumes correspond to incremental production, since these are areas that are currently in operation. .
The company expects to develop additional gas from the San Jorge Gulf Basin from the assets acquired from Sinopec. By 2023 they could count on an additional volume of between 1 and 2 million m3 per day.
During a meeting with the Minister of Economy, Martín Guzmán, Eurnekian explained that an investment plan for US$128 million is underway, a plan that was financed in September of last year through the placement of negotiable obligations in the local market, in the that the Sustainability Guarantee Fund (FGS) subscribed US$100 million.
These funds will be used for the exploitation of gas blocks and the development of unconventional tight gas resources, through the drilling, completion and commissioning of 33 new wells in the Austral Basin of the Province of Santa Cruz. Of these, 28 correspond to exploitation wells in already explored regions, and 5 are exploratory wells that seek to evaluate the potential in the Campo Indio Este-El Cerrito blocks. In addition, the construction of surface facilities is planned.
Guzmán stressed that the policy that the National Government is carrying out to increase the productive capacity of the system “acquires unique value in the context of the global energy crisis” and called the energy sector fundamental when it comes to making the entire economy more competitive. Argentina.
“We have been advancing in conditions that allow us to increase investment, both from macroeconomic stabilization policies, investment in energy infrastructure and the role that the FGS of ANSES is playing in order to allow Argentina to have more financing for investments in the real economy and in particular in energy”the official noted.
The head of Economy described the meeting as “very valuable” and celebrated “the company’s decision to bet on Argentina and the fact that it is growing from investment, production and work.”
The minister stated that the National Government will continue to support initiatives aimed at increasing the production of energy resources such as the Plan Gas.Ar Program, which aims to produce 30,000 million m3 of Argentine gas in four years; generate fiscal savings of US$2.5 billion and foreign currency savings of US$9.2 billion of the same currency.
The Secretary of Energy, Darío Martínez; the chief of staff of the Ministry of Economy, Melina Mallamace; and the Executive Deputy Director of Operations of the Guarantee and Sustainability Fund at ANSES, Lisandro Cleri. Also present on behalf of the company were the CFO, Adrián Meszaros, and the Commercial Director, Emilio Nadra.
Source: Ambito
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