LatAmNRG Argentina Briefs: Tecpetrol, MicroSoft, YPF and Neuquen Output

(Energy Analytics Institute, Aaron Simonsky, 27.Mar.2019) — Heard on the street and LatAmNRG briefs from Argentina on Neuquen hydrocarbon output reaching record levels in February, MicroSoft and YPF signing a digital transformation alliance, Tecpetrol saying its Fortin de Piedra output rises to 17.5 million cubic meters per day, and Germany’s Wintershall announcement about “conditional” plans to invest $600 million in Argentina.

Neuquen Oil, Gas Production Reach Record Levels in February

(Energy Analytics Institute, Aaron Simonsky, 27.Mar.2019) — Gas production in Neuquen in February 2019 reached 73.5 million cubic meters per day (MMcm/d), just 1.5 MMcm/d less than the province’s historical record, and the highest production level since July 2007, reported online media Río Negro. Year-over-year, production is up 14.05%.

Oil production in Neuquen during the month was 132,865 barrels per day (b/d), the largest level to-date since November 2009.

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MicroSoft And YPF Sign Digital Transformation Alliance

(Energy Analytics Institute, Aaron Simonsky, 25.Mar.2019) — Microsoft’s Latin America President César Cernuda and YPF President Miguel Gutiérrez signed a Digital Transformation Alliance (DTA) to promote technological innovation within YPF, reported online media EconoJournal. Only a select group of companies in Latin America have access to the initiative, the media reported.

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Tecpetrol Says Fortin De Piedra Output At 17.5 MMcm/d

(Energy Analytics Institute, Aaron Simonsky, 24.Mar.2019) — Argentina’s Tecpetrol announced that its production from the Vaca Muerta formation at the Fortin de Piedra project reached 17.5 million cubic meters per day (MMcm/d) in February 2019.

“In just 18 months we have managed to reach this production level with 62 active wells in Vaca Muerta,” Tecpetrol said on twitter. “This is equivalent to 12% of the daily gas consumption in Argentina.”

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Wintershall “Conditionally” Plans $600 Million In Investments In Argentina

(Energy Analytics Institute, Aaron Simonsky, 22.Mar.2019) — Germany’s Wintershall announced plans to invest another $600 million in Argentina between 2019-2021, but conditioned the investments to having “clear rules of the game.”

“If there are no clear rules in Argentina, we’ll take the investments to other places because we have to be responsible with our investors,” reported online media Río Negro, citing Wintershall CEO Mario Mehren.

Wintershall has invested $600 million in Argentina over the last three years, said Thilo Wieland, the executive director of Exploration and Production for South America, Russia and Africa.

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