The company considered that it will be “a fundamental work for the energy development of the country” and highlighted the partnership with YPF, PAE, Pampa Energía, Vista, Chevrón and Shell.
The VMOS involves the construction of a 437 km pipeline that will connect Allen with Punta Colorada (Río Negro), a loading and unloading terminal with interconnected monobuoys, and a tank and storage yard. The design contemplates a transportation capacity of up to 550,000 barrels per day, expandable up to 700,000.
In turn, the Dead Cow South Pipeline It will complement other crude oil transportation routes that will allow Argentina to considerably increase its oil exports in the coming years.
“This participation will be a strategic pillar for the company and will require a (total) investment of approximately $3 billion. It will be financed with contributions from partners along with external financing, to be completed during 2025. It is expected to begin commercial operation during the first half of 2027,” the company stated.
As detailed by YPF when announcing the signing of the partnership, construction will begin “immediately”, with the objective of achieving its mechanical completion during the fourth quarter of 2026 and the beginning of commercial operation on July 31, 2027. The project requested membership in the RIGI November 15, 2024and from there there are 45 business days for approval or rejection.
However, in the event of any query or request for additional information requested by the authorities, that time stops running and stops. Thus, project promoters can carry out additional studies, reports or analyzes without pressure from deadlines.
Dead Cow Southern Pipeline VMOS.jpg
Through an official communication, YPF He stressed that the completion of this transportation work is strategic for the development of Vaca Muerta and, together with other initiatives, will open the door for export with the objective of achieving US$15 billion in annual income for the country in the coming years, which with its expansions could reach more than US$20 billion.
“In this way, Pluspetrol is consolidated as a protagonist in the energy sector, guided by its purpose of promoting sustainable energy development for the well-being of current and future generations,” they concluded.
Source: Ambito
