a day ago
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.
