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Digitalization in the Pipeline Industry
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Operations & Integrity Management and Compliance in an age of IIOT
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New Technologies Drive Operational Performance by Connecting Smart Stations to Distribution Networks
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Intelligent Predictive Maintenance in the context of Maintenance 4.0 for Oil & Gas Industry
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Digital disruption will occur in Midstream as it is underway in other asset intensive industries
Sam Hemeda >>> Arundo Analytics
The Big Data Revolution: Detecting Pipeline Leaks, Encroachments and more Using Satellites
John Zhou & Caroline Beck >>> Satelytics
Best Practices for Cybersecurity Diagnosis in Industrial Environments
Ernesto Landa >>> Compania Operadora de Gas del Amazonas

ExxonMobil Proceeds with Argentina Expansion Project in Vaca Muerta Basin

ExxonMobil Proceeds with Argentina Expansion Project in Vaca Muerta Basin (Harry Green / Shutterstock)

ExxonMobil is proceeding with a long-term oil development in Argentina’s Bajo del Choique-La Invernada block. The project is expected to produce up to 55,000 oil-equivalent barrels per day within five years and will include 90 wells, a central production facility and export infrastructure connected to the Oldeval pipeline and refineries.

“We are encouraged by the excellent results of our Neuquén pilot project and look forward to increased production through this significant expansion,” said Staale Gjervik, senior vice president of unconventional at ExxonMobil. “The reforms implemented by the federal and provincial governments have been critically important to enabling the development of the Vaca Muerta basin as one of the country’s main energy resources.”

If the expansion is successful, ExxonMobil could invest in a second phase, which would produce up to 75,000 oil-equivalent barrels per day. Timing of the second phase depends on initial project performance and business and market conditions, among other factors.

“ExxonMobil has been an active player in the Neuquén basin since 2010 and in Argentina for more than 100 years,” said Daniel De Nigris, ExxonMobil’s lead country manager. “We will continue to work closely with the government and our partners and will use our expertise and capabilities to bring jobs and other benefits to local communities.”

In 2015, the Neuquén provincial government granted ExxonMobil a 35-year concession in Vaca Muerta for the Bajo del Choique-La Invernada block. ExxonMobil began an exploration pilot program the following year and now has three producing wells, and three additional wells moving into production. A production facility, gas pipeline and oil terminal have been in operation since 2017 and were recently connected to the Pacific Gas pipeline by a 16-inch pipeline.

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