Environment and Climate
We are focused on a world with more energies and less emissions.
With Fénix we seek to continue meeting the country's energy needs, producing gas in the southernmost offshore reserve in the world.
The project consists of the construction and installation of a production rig that will connect 3 natural gas producing wells. These wells will be drilled 60 km offshore Tierra del Fuego in a 70 meter water depth.
Production from Fénix will be transported through a gas pipeline which will connect to the Vega Pléyade offshore rig. The gas will be processed and conditioned at the Río Cullen plant and will then be injected in the San Martín gas pipeline.
It is estimated that Fénix will contribute up to 10 million cubic meters of gas per day to supply the domestic market, representing approximately 8% of the country's current gas production.
Our history in Argentina dates back to 1978 in Tierra del Fuego, with the signing of an offshore exploration contract by the Cuenca Marina Austral 1 (CMA-1) Consortium operated by Total Austral (37.5%) and formed by Wintershall Dea Argentina (37,5%) and Pan American Sur (25%).
Only 9 years later, and after a complex offshore exploration work, we were able to drill more than 45 exploration and delineation wells with a success rate of more than 80%.
Today, the following offshore fields are in production: Hidra, Kaus, Ara-Cañadón Alfa, Carina, Aries and Vega Pléyade. Production is treated at the onshore Río Cullen and Cañadón Alfa plants, north of Tierra del Fuego island.
Together, these fields supply close to 19 million cubic meters of gas to the Argentine market on a daily basis. This shows our permanent commitment to satisfy Argentina's growing energy demand, guaranteeing the economic and sustainable development of natural resources, respecting high safety and environmental preservation standards and strengthening our long-term commitment to provide better, safer and lasting energy.