Pecom He returned to the operation of oil fields when he took charge as holder of the block concession Clover-Escalante in Chubutthat YPF granted within the framework of the conventional asset sale plan of the Andes Project.
The transfer occurred after the signing of the transfer decree by the governor Ignacio Torres, and after celebrating an event with oil workers. The 290 square kilometer block has a daily production of 7,100 barrels of oil.
Torres highlighted that the agreement allows all jobs to be preserved in the mature basins of the south, a key sector for the local economy and the labor stability of the province. “It is excellent news not only for Chubut, but for all the workers who are part of one of the most important sectors of the local and regional economy”highlighted the president, who stressed that a priority of the negotiation was the protection of jobs.
Gustavo AstieCEO of the company, noted that the return of Pecom As an operator it is already a reality. We prepare deeply for this moment. “We have excellent professionals with extensive experience in field operations using an innovative model to maximize the recovery factor in mature fields.”
In his turn, the president of Pecom, Luis Pérez Companccelebrated that after 22 years the day had arrived. “I am very excited about this return to the operation, honoring the legacy and, at the same time, beginning to build the future of a new PECOM that wants to be a protagonist of the Argentine energy sector. Our country is at a pivotal moment and we are convinced that production oil and gas will be fundamental for its growth,” he assured.
Pérez Companc and Astie were accompanied by Torres at the time of the signing, but also by the general secretary of the Private Oil and Gas Union of Chubut, Jorge “Loma” Ávilathe president and CEO of YPF, Horacio Marín, and the Mayor of Comodoro Rivadavia, Othar Macharashvili, who expressed his support for the growth of the city.
The return of Pecom as an operator occurs after the acquisition of YPF in the Andes Project of the area Clover-Escalante, but also 50% of Central Camp-Cañadón Perdido, of which it will soon assume formal control. The other 50% is from Enap Sipetrol, which requires additional authorizations.
The total production of the areas is 10,250 barrels of oil per dayincluding the other 50% of Campamento Central-Cañadón Perdido. The total purchase involved an investment by Pecom of US$114,500,000.
The investment in the acquired areas will be carried out over the next three years and includes drilling activities, workover, pulling and the use of advanced recovery techniques, such as polymer injection.
“The company begins this new stage as an operator with the implementation of a production model that, with a strong focus on tertiary recovery techniques, will seek to grow the current production levels of the areas”highlighted in a press release sent to Energy Report.
And they added: “At the operational level, joint work with unions and local service companies, permanent dialogue with provincial and municipal authorities, support for nearby communities, and the added value of its differential resource: its collaborators will be essential.” .
Pecom returned to the energy sector in August 2015, consolidating itself as one of the main providers of services, works and products for the oil & gas, electric energy and mining industries. The company, which is part of a holding company with more than 70 years of experience, employs 7,900 people and has operations in several countries in the region. Today, with the takeover of the assets, it once again assumes the role of operator, a fundamental milestone in the history of the company.
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Source: Ambito
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