Energy Continues To Be One Of The Driving Forces In The Development Of Business Opportunities In Argentina, Together With Telecommunications, Mining And Infrastructure.

CHEVRON IS LOOKING FOR INVESTORS FOR A SHALE GAS PILOT PROJECT IN VACA MUERTA

Besides being associated with YPF in Loma Campana (the largest unconventional project in Argentina), Chevron also holds El Trapial, a mature reservoir that became to be, at the beginning of the last decade, the second largest oil deposit in the country. The reservoir has now entered into the last years of its natural maturity. Its production is around 1230 cubic meters per day, a sixth part of its production in the past.

In such scenario, Chevron is expecting to find unconventional opportunities in the field. In this direction, it has already drilled two delineation wells in the area, and now, it has designed a more ambitious pilot project to evaluate the shale gas production in Vaca Muerta. Chevron is planning to place eight horizontal wells of between 15 and 25 fracking stages in the southeastern region of El Trapial.

The American oil company is currently looking for alternatives to solve the economic-financial equation of the initiative, which will demand an investment over US$ 100 million, in particular a partnership. This comes in a context in which many companies were forced to cut off their capex throughout the world due to the oil & gas industry crisis (although the recovery, oil price is still around US$50)

ISOLUX CORSAN SPANISH HOLDING SELLS ITS WIND FARM FOR $25 MILLION

Amid the bidding process for the development of renewable energy in Argentina, the Spanish group Isolux Corsan is on plan to sell the controlling wind farm in Chubut, located in the town of Loma Blanca, north of Trelew. The European holding company negotiates to lease the park which began producing electricity in 2013, for $ 25 million (22.7 million euros). For such purpose Isolux reached an agreement with Sideli and Sidsel companies to cede control of the site which houses 17 turbines Alstom 3 MW each, totaling 51 MW6 and produces 183 GWh per year, enough to supply the annual consumption of 70,000 households.

The initial project included building three more stages to reach an installed capacity of 200 MW and energy to supply 250,000 homes. Sources close to the Spanish company admitted the operation. They explained that the purchasing companies were registered on 7 September in the Official Gazette. Both have the same directory, the same headquarters and the same object. Both Sideli as Sidsel have among its partners Payaslian Victor Mariano and Maria Lorena Fuchs. The headquarters...