The Pampa Energía group reported that it had a 31% year-on-year increase in its gas production, and promising results in its first exploratory oil well in the Rincón de Aranda field.
Pampa presented the results for the first quarter of 2024 and highlighted the growth of its gas production in Vaca Muerta. Its CEO, Gustavo Mariani, stated that: “This increase is the result of the investment we made in the El Mangrullo and Sierra Chata fields, and the sales volume we obtained in the tender for round 4.2 of the Gas Plan.”
In oil, the company highlighted the results of its first exploratory well in Rincón de Aranda, a field that it operates and where it has 100% after the acquisition in June 2023 of the participation that Total Energies had. It is an exploratory block of 240 square kilometers located in the heart of the Vaca Muerta crude oil window, in the province of Neuquén.
According to the technical analysis of the data obtained, these values position it among the best wells that have been drilled in the area. The executive director of E&P, Horacio Turri, pointed out that “More than 200 wells could be drilled in the Rincón de Aranda block with the information to date. This development implies production levels of around 35,000 to 40,000 bbls/day.”
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, which will add 140 MW of renewable energy. With an investment of 260 million dollars, the company plans to commercially open this park in the second half of the year, it was indicated.
