Guillermo Francos announced that YPF is about to close an agreement to sell gas from Vaca Muerta for 20 years

Guillermo Francos announced that YPF is about to close an agreement to sell gas from Vaca Muerta for 20 years

According to the former Minister of the Interior, this agreement could generate exceptional profits of up to 140 billion dollars in 20 years. Likewise, he stated that the signing would be with “one of the most important companies in the world”.

“This company can buy a third of Argentina’s gas exports, which are something like 7 billion dollars annually for 20 years, thinking about the Vaca Muerta deposit,” said Francos. The signing would take place between today and tomorrow.

The Chief of Staff presented this information within the framework of the Colloquium of the Industrial Union of Córdoba (UIC), where he also announced where the million-dollar income would be allocated. According to the official, the objective is to finance the Liquefied Natural Gas plant (LNG) whose construction is planned to be developed in Black River.

Finally, he flattered the president of YPF, Horacio Marin: “We have a president of the largest oil company in the country who He is traveling the world selling oil and gasand it has an impressive acceptance”.

Dead Cow YPF South Pipeline

Vaca Muerta will sign an agreement with an important company to sell gas.

Vaca Muerta fell for the second consecutive time in September

Fracture activity in the unconventional Vaca Muerta formation experienced in September a new decline, marking a decline in operations for the second consecutive month.

According to the latest report prepared by Luciano Fucellocountry manager of NCS Multistage, 1,403 fracture stages were completed, representing a 4.65% drop compared to August, which recorded 1,465 punctures. This decrease places September among the three months with the least activity this year, surpassing only January and February.

The peak of activity in Vaca Muerta was reached in March, with 1,643 fracturesfollowed by subsequent months that exceeded 1,500, but the September trend reflects a worrying slowdown for the sector.

Despite this decline, no operator fell below 100 fracture stages, indicating that activity continues, although at a slower pace.

Vaca Muerta oil workers demand a salary improvement

Private oil tankers from Río Negro, Neuquén and La Pampa, in the enclave of dead cow, They analyze opening a new focus of conflict with the companies due to the lack of responses to the salary claim.

“Now that the industry has benefits, the workers are not recognized,” denounced the head of the union, Marcelo Rucci. The companies They aim to exceed one million barrels in the next decade.

Rucci issued harsh warnings about a possible conflict in the oil industry. “If there are no doors to open, the only path left is conflict,” he said in a message directed toward companies that, according to him, have not responded to salary and labor demands.

Despite the assembly on October 1, the disputes do not reach an agreement and the claim could end with strong conflicts between the companies and their workers.

Source: Ambito

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