This is the largest hydrocarbon-producing basin. Because of our operations, the province of Chubut has become the main producer of this hydrocarbon.
This is our main asset, and Argentina’s largest oilfield.
We took on the challenge to operate Cerro Dragón seeking to increase production and surpassing the expected indicators in terms of reserve replacement.
We operate these three blocks, located in the provinces of Chubut and Santa Cruz, which are developed thanks to the application of the most advanced techniques for mature fields.
With 25%, we participated in the development of Estancia La Escondida, an area located in the north of the Golfo San Jorge Basin, operated by Colhue Huapi.
This block, with an area of 509 km2, gained additional momentum in 2013 with the development of unconventional reservoirs reaching depths of up to
4, 500 meters.
Pan American ENergy operates the areas, with a 62.5% participating interest, while YPF has the remaining 37.5%.
with more than 1.1 billion dollars invested, we achieved a sevenfold increase in gas production within this block.
In 2017, we started to operate these areas and we plan to drill some 30 wells until the year 2021. With an extension of 605 and 163 km2 respectively, these areas have great potential for development in the Vaca Muerta formation.
Here, we operate Acambuco, a block formed by Macueta and San Pedrito gasfields, in conjunction with our partners.
is the first well that produces hydrocarbons on two formations at the same time thanks to smart completion, i.e. it uses independent valves that regulate the water flow in each reservoir..
Duration of the project.
Persons worked on it.
Increased the daily production.
Increased the production in this area.
This is the largest gas basin in Argentina, which provides most of the country’s natural gas, serving as its main source of energy. The fields are found both onshore and offshore, and this implies the use of specific technologies to extract hydrocarbons located beneath the seabed. Here we are part of the CMA-1 Consortium, which operates some of the most promising fields, and we are currently at the beginning of the exploration stage.
The project involves several challenges, such as working in hard-to-access areas, and dealing with complex geology, hydrocarbons at great depth and an area of extreme environmental sensitivity. However, production of natural gas in the block has been higher than initially estimated.
Together with E&P Hidrocarburos y Servicios private company, we have been operating the Hokchi offshore field since 2016. The 40 km2 (4,000 hectares) block is located in the Salina del Istmo Basin, approximately 30 km (19 miles) off the coast of the State of Tabasco, in the Mexican Gulf of Mexico, at a depth of 30 meters.
In 2016, we started an Evaluation Plan that was completed in October 2017, 90 days before the due date. To achieve this objective, we drilled five wells in record time (instead of the four wells originally committed) and we started production tests in two of them. The results exceeded our expectation: the wells produced 2,000 and 4,000 barrels per day.
This represents yet another milestone in our history: PAE is the first private company to perform shallow-water drilling operations in 75 years in Argentina, and we were the first operators to complete the Evaluation Plan.
Based on the results obtained in the campaign, the next step is the Development Plan of the Hokchi Field.