Latest news with #RinconDeAranda
Reuters
01-07-2025
- Business
- Reuters
Pampa Energia plans $426 million oil and gas plant in Argentina
BUENOS AIRES, July 1 (Reuters) - Argentina's Pampa Energia has applied to build an oil and gas treatment plant at the Vaca Muerta shale formation, the company said on Tuesday, in a project worth $426 million. The facility, planned for the company's Rincon de Aranda field in the Neuquen province, is expected to start operating next year, with crude oil exports valued at about $1.2 billion set to start in 2027. The project includes a Central Processing Facility (CPF), pipelines, storage terminals, and other infrastructure, and will connect to the Vaca Muerta Sur oil pipeline and Perito Moreno gas pipeline, the company added. Pampa said the plant is part of a broader $1.5 billion development plan aimed at scaling up production tenfold at Rincon de Aranda.
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.
