The first stage of the pipeline, which will require an investment of 190 million dollars, will extend for 130 kilometers from Añelo, in Neuquén, where Vaca Muerta is located, to Allen, in the province of Río Negro, both in Patagonia.
The oil company YPF began the construction of an oil pipeline to increase the production of the Vaca Muerta formation, which will allow the country, once the project is completed, export about 135 million barrels of oil per yearthe company said in a statement.
The first stage of the pipeline, which will require an investment of 190 million dollarswill extend for 130 kilometers from Añelo, in Neuquén, where Vaca Muerta is located, to Allen, in the province of Río Negro, both in Patagonia.
YPF began the construction of the first 130 kilometers of the Vaca Muerta Sur pipeline, a strategic work for the sector and for the country that will increase unconventional oil production and will create an energy export platform.
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This first section will extend between the towns of Añelo, in Neuquén, and Allen, in Río Negro, where it will connect with the Oldelval system. This will allow oil to begin transporting while waiting for the completion of the second section and the export terminal in the Punta Colorada area, near Sierra Grande.
In turn, this first stage will strengthen the entire oil evacuation system in the basin, making the most of the transportation capacity to the refineries and to the port of White Bay.
The work began in Loma Campanablock operated by YPF in the heart of Vaca Muerta. For this first tranche, the investment will be around 190 million dollars and 500 jobs will be generated during the peak of the tasks. More than 10 thousand 20 and 30 inch pipes will be required for construction.
At its maximum operational capacity, this pipeline will allow transporting 390 thousand barrels per day, increasing by 70% the possibility of evacuating oil from the Neuquén Basin and doubling the current capacity of the Vaca Muerta core area.
YPF: second and terminal stage
The second stage and export terminal, which will complete the project, are in the development stage and with a high degree of progress. They will involve an investment of more than 2 billion dollarswhich YPF will face together with other companies that have already shown interest in the project.
When completed, the Vaca Muerta Sur project It will allow the export of 135 million barrels of oil per year, making Argentina one of the main exporters in the region and providing foreign exchange and work to the country.
In addition to the pipeline, the project includes the construction of the largest tank farm in Argentina and two floating monobuoys that will be located 6 kilometers from the coast.
Source: Ambito
