Latest news with #GustavoMariani
Yahoo
03-07-2025
- Business
- Yahoo
Pampa Energía advances Vaca Muerta project with $426m treatment plant
Pampa Energía has applied to join the Large Investment Incentive Scheme (RIGI) for the development of an oil and gas treatment plant at its Rincón de Aranda field in the Neuquén basin in Vaca Muerta, Argentina, with an investment of $426m. With the plant's expected start-up in 2026, Pampa Energía projects to export crude oil valued at approximately $1.2bn starting in 2027. The initiative involves the construction of a central processing facility (CPF) to enhance the processing, storage, and transportation of hydrocarbons. The CPF is a critical component of Pampa Energía's comprehensive investment plan in Rincón de Aranda, where the company is investing $1.5bn to increase its oil production tenfold. Pampa Energía CEO Gustavo Mariani said: 'The construction of this plant and its associated infrastructure is key to strengthening our operation in Vaca Muerta. It will allow us to capture the production of the entire field, which covers an area of 240km², and connect to the main transportation systems.' The project's scope also includes the construction of oil and gas pipelines that will link the production with existing networks, including the Perito Moreno gas pipeline and the Vaca Muerta Sur oil pipeline. Additional facilities such as processing plants, storage terminals, and pumping stations are also part of the planned infrastructure. Currently, Pampa is executing the initial phase of the project, having successfully connected four wells, which have resulted in a production capacity of 6,000 barrels per day (bpd). The development of the Rincón de Aranda project is estimated to cost $1.6bn through 2026, the company said in its earnings presentation. Shortly, Pampa plans to integrate an additional 24 wells into the system, aiming to boost production to 20,000bpd. By 2027, the company's goal is to achieve a daily production rate of 45,000 barrels. "Pampa Energía advances Vaca Muerta project with $426m treatment plant" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Reuters
13-05-2025
- Business
- Reuters
Pampa Energia to invest around $1.6 billion in Argentina's Vaca Muerta through 2026
BUENOS AIRES, May 13 (Reuters) - Pampa Energia expects to spend around $1.6 billion through the end of next year to develop oil production at the sweeping Vaca Muerta shale formation in Argentina, the firm said on Tuesday. Pampa is betting heavily on its reserves at the Rincon de Aranda deposit in Vaca Muerta, with the earmarked funds representing the firm's largest-ever investment in a project, CEO Gustavo Mariani said in the firm's first-quarter presentation to investors. The Argentine energy firm currently puts out 6,000 barrels per day (bpd) from the site, it said in a statement. In the coming months, that should reach 20,000 bpd and by 2027 will come up to 45,000 bpd, Pampa added.
