July 2019, Vol. 246, No. 7
Global News
ExxonMobil to Expand Infrastructure for Growing Argentina Production
ExxonMobil announced it will proceed with long-term development in Argentina’s Vaca Muerta shale, including the construction of pipeline and export infrastructure to support an expected 55,000 oil-equivalent bpd by 2024.
Development of Argentina’s Bajo del Choique-La Invernada block will include 90 wells, a central production facility and export pipelines connected to the Oldeval pipeline and refineries. If the expansion is successful, ExxonMobil said it could invest in a second phase, which would produce up to 75,000 oil-equivalent barrels per day.
In 2015, the Neuquén provincial government granted ExxonMobil a 35-year concession in Vaca Muerta for the Bajo del Choique-La Invernada block. A production facility, gas pipeline and oil terminal have been in operation since 2017 and were recently connected to the Pacific Gas pipeline by a 16-inch pipeline.
“The reforms implemented by the federal and provincial governments have been critically important to enabling the development of the Vaca Muerta basin as one of the country’s main energy resources,” said Staale Gjervik, senior vice president of unconventional at ExxonMobil. P&GJ
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