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.
Estancia La Escondida, with a 25%, we participate in the development of this area located in the north of San Jorge Gulf Basin.
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.
PAE operates the areas, with a 62.5% participating interest, while YPF has the remaining 37.5%.
after more than 1.1 billion dollars invested, we achieved a sevenfold increase in gas production within this block.
Aguada Pichana and Aguada San Roque are, respectively, the third and fourth largest gas production blocks in Argentina. Together they produced 13 million m3 of gas per day in 2015. PAE is one of the partners in the consortium that has operated these blocks since 1994.
In Aguada Pichana, the company is developing a program to drill multiple-fracture horizontal tight gas wells, at a depth of approximately 2,000 meters. Meanwhile, in San Roque, the company drilled a vertical tight gas well, which is currently in the appraisal stage.
Moreover, since 2011, exploration has been conducted at Vaca Muerta to analyze shale gas and shale oil prospects. In Aguada Pichana, a pilot shale gas project was developed in 2013, and the first well started producing in 2015, with promising results. In San Roque, we have so far drilled delineation wells to determine the presence of oil and liquefied gas.
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.