According to the new president of the company, with investments of between US$500 and US$600 million per year, they plan to produce 50,000 barrels per day, with the goal of reaching 70,000 barrels by the end of 2025.
The new president of Shell Argentina, German Burmeistergave a press conference after the end of the event for the celebrations of the company’s 110 years, where he highlighted the presence of the entire industry, including the governors, which he considered as “a good example that when we are together and all aim in the same direction, things happen.”
Bulmeister said that Shell is investing in the country of $500 to $600 million per yeara figure that could increase with the approval of the RIGI and the exit of the CEPO, although it itself highlighted that “We are already big investors in the country.”
These investments allow the company to produce 50,000 barrels per day with the goal of reaching 70,000 barrels by the end of 2025.
Asked about the RIGI, he considered that it “should not exist” since it was created “because of history, because of the lack of credibility, in order to somehow attract investments that otherwise would not arrive.”
Burmeister considered that the dollar restriction is one of the measures that the sooner the government eliminates it, the better it will be for the country, being “another distortion of the Argentine economy” and in the same line he stated that “Argentina wants to regulate what cannot be regulated, and that does not give freedom to entrepreneurs, to people, to companies, to create value, so any restriction or any action that frees the industry to develop its full potential is welcome.”
Shell’s president referred to the possibility of carrying out liquefied gas projects, highlighting that after Qatar they are the largest operators in the world and that leads them to look “There are opportunities and we try to capture them. Argentina is another option that we are going to try to explore. If there is an opportunity for us, we will see, but it is a market that interests us,” he stated.
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For the president of Shell, “the best news” of the day was the presence of the Secretary of Tourism, Environment and Sport, Daniel Scioli, who gave him “live the environmental permit to do the offshore seismic” on the coast of Buenos Aires, 300 km from Mar del Plata, where the president announced that “we are already hiring the seismic acquisition teams for the campaign” starting next year.
Source: Ambito
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