Argentine government extends partnership with ENAP in offshore exploitation
Gobierno argentino extiende asociación con ENAP para explotación offshore
Intel ID : 232981
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The Argentine government extended for an additional 10-year period the concession for offshore hydrocarbon exploitation YPF (BCBA:YPFD) has in the Magallanes area, where the state-owned oil company is partnered with Chile-based ENAP (BCS:ENAP), which announced the extension in a press release issued on 13 January, 2016. The extension up to 2027 will allow the companies to materialize the Proyecto Incremental Área Magallanes (PIAM), which would considerably improve the current gas reserves and, to a lesser degree, the crude oil reserves. The project will require a joint investment of over USD 165m. The operations of the offshore exploitation are led by Enap Sipetrol Argentina, a subsidiary of Chile-based ENAP Sipetrol.
(content in spanish)
El gobierno argentino ha extendido por 10 años más la concesión de explotación offshore de hidrocarburos de YPF (BCBA:YPFD) en el Área Magallanes, donde la petrolera estatal está asociada con la chilena ENAP (BCS:ENAP), que ha anunciado la extensión en una nota de prensa publicada el 13 de enero de 2016. La extensión hasta 2027 le permitirá a las empresas concretar el Proyecto Incremental Área Magallanes (PIAM), que mejoraría considerablemente la producción de las actuales reservas de gas y, en menor medida, de las de crudo. El proyecto requerirá una inversión conjunta de más de USD 165m. La operación de la explotación offshore está a cargo de Enap Sipetrol Argentina, filial de la chilena ENAP Sipetrol. |
Relevant Documents
| Press Release | 13 Jan 2016 | ENAP_Nota_de_Prensa_2016.pdf | ES |
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| Intel ID | 232981 | |
| Value | ND | |
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US Dollar (USD)
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Financial Data - ENAP
(31 Dec 2013) |
Revenue: EUR 8.129,00m EBITDA: EUR 491,62m Exchange Rate: 
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20.02.02 Multiline Oil & Gas 20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels |
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20.04.05 Hydrogen 20 Energy & Utilities / 20.04 Renewable Energy |
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20.02.02 Multiline Oil & Gas 20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels |
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