LatAm Briefs: YPF Chubut CAPEX, Fracking In Colombia

(Energy Analytics Institute, 17.Mar.2021) — Energy briefs from the Latin America and Caribbean regions Argentina, Colombia and Uruguay including: YPF’s investment plans in Chubut, Argentina’s economic minister’s plans to visit with IMF officials in the US, ExxonMobil’s pilot fracking plans in Colombia, and ANCAP’s board naming a new general manager at ALUR.

YPF Eyes Investments Of $184mn In Chubut

Argentina’s state oil producer YPF plans to invest $184mn in the Chubut province, including commissioning of two new tower assets; thus, bringing the number of towers to 15 in the province.

The deal was announced by YPF President Pablo González, and company CEO Sergio Affronti, the Buenos Aires-based company announced 17 March 2021 in an official statement published on social media.

YFP plans this year in the province will focus on secondary and tertiary recovery, which yielded good results in 2020. YPF plans to repair an estimated 130 well this year, while drilling 45 new wells.

Economic Minister To Visit IMF Officials

Argentina’s Economy Minister Martín Guzmán will visit New York and then Washington next week to meet with staff members with the International Monetary Fund (IMF) as well as the institute’s managing director Kristalina Georgieva.

Guzmán plans entail efforts to advance negotiations related to an Extended Facilities Agreement (EFF) with the IMF and ultimately seek refinancing of loans signed between 2018 –2019 under the government of former Argentina President Mauricio Macri with the multilateral organization for around $45bn, according to reports in local newspaper La Nación.

ExxonMobil Submits Bid For Fracking Pilot Project In Colombia

Texas-based ExxonMobil submitted a proposal to the Colombia’s oil sector regulator ANH for the country’s second fracking pilot project.

The project would be located in the Middle Magdalena Valley Basin, the ANH announced 17 March 2021 in an official statement. The ANH has until 29 March 2021 to evaluate the bid.

ANCAP Board Names New ALUR General Manager

The board of directors at Uruguay’s ANCAP unanimously appointed Dr. Álvaro Lorenzo as the new general manager of ALUR, the Montevideo based-company announced 12 March 2021 in an official statement.


By Aaron Simonsky. © Energy Analytics Institute (EAI). All Rights Reserved.