The president and CEO of YPF, within the framework of the inauguration of Oil & Gas 2024 in the province of Neuquén, pointed out that the project will increase unconventional oil production and will have an impact on the country’s export platform.
The president and CEO of YPF, Horacio Marinstated “that there are already 5 companies committed to the construction of the second section of the South Dead Cow“We are moving forward with the agreements and in January we will start construction.”
Within the framework of the inauguration of Oil & Gas 2024 in the province of Neuquén, Marín highlighted that “The project will involve an investment of 2.5 billion dollars and by December 2026 it will have a transportation capacity of 360 thousand barrels per day.” turning Argentina into one of the main exporters in the region, providing foreign currency and work to the country.”
In addition, Marín indicated that “Vaca Muerta Sur is a strategic work for the sector and the country that will allow increasing unconventional oil production and will have an impact on Argentina’s energy export platform, without a doubt, it will generate a change in the productive matrix of the country with a pole similar to agriculture, but without its climatic risks.
It was reported that in November the project will be discussed in the YPF Board of Directors and the procedures will begin to adhere it to the Large Investment Incentive Regime (RIGI).
Argentina LNG
The president of YPF once again highlighted the interest there is in the world for the Argentina LNG project “Several countries came looking for us. We took 12 planes in 12 days. It is very comforting to work for something so big.”
“If we didn’t develop LNG we didn’t do the work. We develop Vaca Muerta gas now or we don’t develop it,” he stated.
Marín commented that if the project is achieved “we are going to make the largest gas pipeline in Argentina.” The Argentina LNG project is the largest project in the country and positions Argentina as the fifth largest exporter in the world, to supply the market of several countries around the world.
Source: Ambito
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