According to the analysis of the data obtained, these values position it among the best wells that have been drilled in the area. The CEO of E&P, Horacio Turrinoted that: “In the block Rincón de Aranda could drill more than 200 wells with the information to date. This development implies production levels of around 35/40,000 bbls/d”.
In the electric power generation segment, Pampa reported that it continues with the works of its Pampa Energía VI Wind Farm In the town of Bahía Blanca that will add 140MW of renewable energy. With an investment of 260 million dollarsthe company plans to be commercially authorized in the second half of the year.
Pampa Energía’s shale oil project
It must be remembered that in June 2023, Pampa Energy announced the successful completion of the acquisition of the area Rincón de Aranda, in the Neuquén basin. The transaction, which was completed yesterday, was preceded by a June 23, 2023 agreement with Total Austral SA. (Argentine Branch).
According to information to shareholders: “On August 16, the Company closed the exchange of assets with Total Austral SA, which was informed by a Relevant Event on June 26, 2023. Closing of the exchange of assets with Total Austral SA”
This negotiation allowed Pampa Energía to secure the remaining 45% stake in the block.
Nestled in the raw window Dead cow, in the Neuquén basin, Rincón de Aranda stands as a strategic asset with great potential. Despite its current non-productive state, the block has geological characteristics and a strategic location that allow the Marcelo Mindlin consolidate its position as a crude oil producer.
The focus on hydrocarbons
The acquisition of Rincón de Aranda also It involved the transfer of 100% of Pampa Energía’s shareholding in Greenwind, with its main asset being the Mario Cebreiro Wind Farm. This move reflects the company’s strategy to focus on hydrocarbon exploration and production.
The definitive closing of this transaction was subject to compliance with prerequisites, including obtaining a Non-Conventional Hydrocarbon Exploitation Concession (CENCH) for the Rincón de Aranda area, with an extended validity horizon of 35 years.
