The president of Argentine Institute of Oil and Gas (IAPG), Ernesto López Anadóndemanded greater flexibility in the regulations of the hydrocarbon sector to multiply the activity in Dead Cow and reach the production of 1.5 million barrels per day of oil equivalent.
López Anadón gave the opening speech of the AOG Patagonia 2024 organized in Neuquén for more than 30,000 attendees. “Like all sectors, clear rules will be needed. But the most important thing is to be certain that these rules will be respected over time,” said the head of the Institute, who although he celebrated the RIGI, said that it is just the beginning of a path.
“We must avoid generating costs that the industry does not have to face. We must try to make the rules more flexible, we must try to homogenize the rules throughout the country to prevent each sector, each small sector or each small basin has additional costs due to lack of standardization, due to lack of a common thread that unites all manufacturers, service producers and others throughout the country,” he emphasized.
In this context, he regretted that until now only less than 10% of Dead Cow. “We are doing it at a much slower pace than it should. The country has everything to do it. We have the technology, we have the people, we have the companies, we are highly competitive. If we look at other basins in the world, perhaps not are as prepared as we are in the entire value chain that we have,” he said.
López Anadón also highlighted the potential of Dead Cowbut urged the main businessmen in the sector to make it a reality. “With enormous effort and trying to overcome obstacles that the industry has to progress, records were reached of greatly exceeding 400 thousand barrels per day. However, If we measure ourselves how it was round-up of production in other basins, today we should be producing one million or one and a half million barrels per day. “We need to travel a path that is three times what we have today,” the business leader stressed.
Below the stage, the main directors and CEOs of Y listened attentively to those words.PF, TotalEnergies, Shell Argentina, Pampa Enegía, TGS, TGN, Chevrón, Pluspetrol, Tecpetrol and dozens more oil and gas companies and suppliers.
“The demand for gas and oil is going to last,” he continued, “it is going to last a long time, longer than what is being forecast, because above all gas is necessary to bring energy to the world. The other energy systems alone are not going to to be able to provide energy to a growing population. However, let us keep in mind that we not only compete with other basins, but to the extent that those basins are more efficient, more productive, with lower costs than us, as the pressure increases. on the market to be reduced is greater because other energy systems enter, those that are going to be left out are going to be the least competitive.
Also present at the inauguration were the governors of Neuquén, Rolando “Rolo” Figueroa, and from Río Negro, Alberto Weretilneckand the local ex-presidents Omar Gutiérrez and Jorge Sapagboth linked to the industry, ministers of energy, hydrocarbons and mining of those provinces, but also of Mendoza, as well as mayors, legislators and other officials.
The AOG Patagonia, of the IAPG, It was set up in the DUAM Space, next to the Neuquén airport. There are 7,200 square meters of stands, with 335 exhibiting companies. “Everyone does their bit to make production here in Argentina a reality. Not only here in Vaca Muerta, but throughout the country,” stated López Anadón when thanking them for their presence.
According to the organizers, at least 6,000 accommodation places in the capital city were occupied by the event, not counting nearby locations. A complete success, he says on the first day of conferences and activities. “We have calculated that the economic impact this has for the city is close to $5,000 million pesos,” said the president of the IAPG.
“I always talk about the enormous potential that Vaca Muerta has, in gas and oil, also obviously that there is in other basins in Argentina, but it is a potential that we have to make real”he concluded.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
