Total and Wintershall proceed with Vega Pleyade
The french major company, Total and its partners, Basf–Wintershall from Germany and the local Pan American Energy (PAE), are proceeding with the development of the world utmost southern Vega Pleyade project offshore Argentina.
In addition the seize of Repsol‘s interests by the Argentina Government in March 2012 had frozen the process of decision for further new developments.
Total started the exploration in Argentina in 1978 and since then has grown up production regularly to become the second largest producer of natural gas while Basf‘s oil and gas subsidiary Wintershall stands in fourth position.
With interests and operating role in the shale gas of the Vaca Muerta basin and in conventional gas fields offshore Argentina, Total is a strategic partner for the Government to ramp up the domestic production.
Total Vega Pleyade to compensate Carina and Aries
Carina and Aries are the most extreme south gas fields in production in the world located 70 kilometers offshore the Tierra del Fuego.
Currently producing 15 million cubic meters of gas per day, the offshore platforms are designed to resist to the roughest sea storms and 180 kilometers per hour winds.
As the only company experienced to operate offshore platforms in these extreme conditions, Total designed itself the Vega Pleyade unmanned platform.
– Total 37.5% is the operator
– Pan American Energy 25%
The Vega Pleyade project includes:
– Drilling and production platform
– Multiphase subsea export pipeline
Through the export pipeline, the raw gas will be transported to the gas treatment facility of Rio Cullen and connected to the San Martin pipeline connected Patagonia to Buenos Aires, 4,000 kilometers upper north.
In investing $600 million capital expenditure, Total, Wintershall, and Pan America Energy expect the first production from the Vega Pleyade project to start in 2016 and contribute by then to restore Argentina gas production.