In this case, it is expected to provide the industry and investors in the sector with the details of the announcements made by Massa weeks ago in Vaca Muerta related to facilitating access to foreign exchange and tax stability for companies operating in Neuquén- Training and its implementation invest the “Green Channel” regime to facilitate the import of equipment from service companies to drive exploration investment.
The stopover in Houston, scheduled for Friday September 9th, will also allow the main energy companies to be included in the new phase of massive development that Vaca Muerta is facing, based on ongoing infrastructure works mainly oriented towards the export of resources and value creation are .
In this sense, YPF’s recent announcement is framed, coupled with the study of the feasibility of a large-scale liquefied natural gas (LNG) production project that the company intends to undertake through an alliance with Malaysia’s Petronas. with an initial investment of US$10,000 million.
The challenge of making Argentina a net exporter of LNG includes increasing shale gas production from Vaca Muerta, building a new pipeline system to the Bahía Blanca port area and a liquefaction plant as part of a port complex for export.
By the end of the decade, the megawerk will enable exports of US$20,000 million per year at the peak of production, which due to the size of the project is considered an initiative open to the involvement of new local or foreign capital to give it more volume.
100 years after its inception as a state oil company, YPF is on a financial recovery having reduced its debt by approximately $1,700 million over the last 24 months and extended maturity horizons, and achieved an Ebitda of $1,500 million, the second highest in its history.
This financial restructuring helped boost its results in this area, and as it prepares to end this year with the biggest jump in production in 25 years, after posting 78% growth in gas production in the most recent quarter and 50% unconventional oil production.
Nestor Kirchner gas pipeline
YPF also took the lead among the companies currently operating in Vaca Muerta to discuss with the national government the idea that the private sector should be responsible for financing the construction of the second section of the Nestor-Kirchner gas pipeline.
If the first phase under construction envisages 558 kilometers of pipelines from the city of Tratayén (Neuquén) to Saliquelló, Buenos Aires, the second phase will add another 467 kilometers to San Jerónimo in the south of Santa Fe, which will open the possibility of supplying large urban ones Centers and industries in the center and north of the country and think about exporting to Brazil.
But just as with natural gas, large unconventional resources require new transportation infrastructure, so does oil.
and in that senseeither On the one hand, YPF is leading the rehabilitation project of the Transandino – Otasa oil pipeline, a 425-kilometer plant from Puesto Hernández in Neuquén to the Bío Bío refinery of the trans-Andean energy company ENAP, which will be operational again after the river was closed in 2006.
To the extent that this transport capacity becomes operational, it will allow for the evacuation of up to 115,000 barrels per day, which is the historical maximum that has been transported, part of which will be exported to Chile and the rest will go to other markets via the Pacific port by Conception.
Overlooking the Atlantic, YPF is the majority shareholder (37%) of the consortium operating the Oleoducto del Valle – Oldelval, which has initiated a more than $1.5 billion investment process, bringing its current figure to 450,000 barrels to double • Crude oil transport capacity from Allen in Vaca Muerta to the port of Puerto Rosales in the Bahia complex.
The extension of the pipeline and the possibility to transport larger volumes of crude oil also forces us to think about increasing this storage and shipping capacity of Oiltanking Ebytem – in which YPF holds 30% – and adding a third maritime monobuoy for anchoring large oil tankers.
MORE OWN PROJECTS
In addition to this work, YPF has its own project called a few days ago Vaca Muerta Sur Pipeline, for which it is seeking funding for the $1,200 million that will require laying a pipeline to the port of Punta Colorada in Sierra Grande in Río Negro, where it will set up a mega-sea terminal that will become the country’s largest port for exporting oil .
It is estimated that a ship with a capacity of 390,000 cubic meters can be dispatched through the Rio Negro port station every five days from 2025, which could add up to a total volume of 25 million cubic meters on an annual basis. Considering the construction of 20 tanks with a storage capacity of 1 million cubic meters .
YPF will also drive the realization together with its partner, the Norwegian oil company Equino first exploratory drilling in the sea area “Argerich-1”whose exploration target will be developed in deep water from the first half of 2023 about 300 kilometers from Mar del Plata.
In a diversification of its activities and investments, YPF also started a $300 million project to build its first solar farm called Zonda, of 300 MW, in three stages of 100 MW each.
Weeks ago, the Company also just signed an agreement with Catamarca Minera y Energética to develop a project to prospect for lithium in the Fiambalá area, Tinogasta Department, which will mark the Company’s first experience in the mining segment.
This exploration, as a preliminary step to lithium production, is the first link in a value chain that YPF intends to develop towards the manufacture of the first national design lithium battery, which is at an advanced stage within the Y-Tec consortium.
Finally, the company confirmed the forthcoming announcement in the petrochemical segment with an investment of approximately US$1,000 to double the production capacity of granulated urea and complete the self-supply of local demand by the company Profertil in the Bahia complex.
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