ExxonMobil Corporation said that the Neuqun Province government (Argentina) has approved the investment plan for the development of a 35-year unconventional exploitation concession in the Los Toldos I South block.
The initial investment of about $200 million calls for a pilot project that brings up to seven wells to production, the construction of production facilities and development of export infrastructure.
ExxonMobil and its partners, Gas y Petroleo del Neuquen and Americas Petrogas Argentina SA (APASA), are looking for opportunities to further develop this block and bring wells into production.
If the pilot project is successful, it could lead to a staged development of approximately 300 horizontal wells of up to 3,000 meters in length. The block could have estimated production of 11 million cubic meters per day of gas when at full production.
ExxonMobil Exploration Argentina SRL (EMEA) is the operator and holds 80 percent interest in partnership with Gas y Petroleo del Neuquen, which holds 10 percent interest, and APASA (Tecpetrol), which has 10 percent.
ExxonMobil Corporation said that the Neuqun Province government (Argentina) has approved the investment plan for the development of a 35-year unconventional exploitation concession in the Los Toldos I South block.
The initial investment of about $200 million calls for a pilot project that brings up to seven wells to production, the construction of production facilities and development of export infrastructure.
ExxonMobil and its partners, Gas y Petroleo del Neuquen and Americas Petrogas Argentina SA (APASA), are looking for opportunities to further develop this block and bring wells into production.
If the pilot project is successful, it could lead to a staged development of approximately 300 horizontal wells of up to 3,000 meters in length. The block could have estimated production of 11 million cubic meters per day of gas when at full production.
ExxonMobil Exploration Argentina SRL (EMEA) is the operator and holds 80 percent interest in partnership with Gas y Petroleo del Neuquen, which holds 10 percent interest, and APASA (Tecpetrol), which has 10 percent.
No comments:
Post a Comment