There they analyzed the firm’s investment plans in the province, among other topics.
“There is no limit to the development potential of Vaca Muerta,” manifested Gutierrez during the meeting in which The leaders, together with the businessmen, reviewed the status of the projects that the company is developing in the Neuquén basin and the results obtained so far.
Likewise, he highlighted that “In recent years, Vaca Muerta’s oil and gas production has tripled and Neuquén’s historical production record has been reached.”
In October Neuquén recorded the absolute record in oil production with 354,156 barrels per day, about 18,000 barrels more (5.39%) than the previous record recorded in September of this year; while the interannual increase was 16.86% and the accumulated variation from January to October reached 21.05%.
“We continue on this path of increasing production thanks to Vaca Muerta, which is not only fundamental for the economic and productive development of the province, but also helps to strengthen the country,” the provincial president said before the executives.
They participated in the meeting Bryan Pickett ExxonMobil Upstream General Manager, Craig KellyDirector International Government Relations and general manager of ExxonMobil Exploration Argentina, Daniel De Nigris.
ExxonMobil will build the Bajo del Choique Nordeste pipeline, which will transport 60,000 barrels of oil per day
As part of the 2023 Investment Plan approved by the provincial government, The construction of the Bajo del Choique Nordeste oil pipeline is contemplated, which will transport up to 60,000 barrels of oil per day along an extension of 43 kilometers, with a diameter of 12 inches. The estimated investment is 75 million dollars.
Regarding the expected deadlines for this “midstream” infrastructure project, it is estimated that the start of the laying will take place during the first quarter of 2024 and it is expected to come into operation at the end of the same year.
This area is owned by Gas y Petróleo del Neuquén and ExxonMobil is the operator and participates in a joint venture with 90%.
Source: Ambito
