OLDELVAL expanded its transport capacity to 42,000 cubic meters of oil per day

General 25 de abril de 2022
Oleoductos del Valle SA (Oldelval) completed the expansion work for its transportation capacity from the Neuquén Basin: in this way, an additional 50,000 barrels of dispatch capacity are completed for the central pipeline for Vaca Muerta shale oil .
Oldelval

At the end of last year, the company had reported the start of work to gradually expand its pumping capacity to the refineries in the province of Buenos Aires, so as to total some 42,000 m3/d in the middle of 2022, about 8,000 m3/d compared to the volumes at that time.

Sources from the provincial government reported that part of this expansion has already made it possible for the province to reach its best crude oil mark since 2021, as "Mejor Energía" announced on Thursday.

According to official data, Neuquén had an average production of 257 thousand barrels of crude oil per day in March.

'New 50,000 barrels are incorporated from Neuquén. Part of that production was already available in March,' reported an industry source.

The objective of this work, to a great extent, is to offer an outlet for the crude that finds export opportunities abroad and to make a leap with respect to the 34,000 m3/d of transport capacity existing at the start of the investment, close to the 50 million dollars in the pipeline. One of every ten barrels produced in Neuquén left the country in the first six months of the year.

Oil production comes in a constant acceleration in the last year. The exit from the worst moment of the pandemic raised a largely supplied market (except in the heavy crude segment), in which Vaca Muerta has been a mainstay, which also finds opportunities abroad.

In fact, Argentina maintains its production for the last two months at 571 thousand barrels per day on average, something that implies a mark that the country had not reached since 2011.

The work is a requirement to support the possibility of increasing the pace of production. Neuquén has been stating that it could reach 308,000 barrels per day on average by the end of the year, and that by 2023 it could reach 420,000, according to what Governor Omar Gutiérrez has been stating.

The work is a requirement to support the possibility of increasing the pace of production. Neuquén has been stating that it could reach 308,000 barrels per day on average by the end of the year, and that by 2023 it could reach 420,000, according to what Governor Omar Gutiérrez has been stating.

To follow that path, new pipelines are needed and the possibility of shipments to Chile is launched. The Trasandino Pipeline managed by the OTASA company is another possible way.

Through this line, a route to the Pacific would be enabled, regardless of the internal supply to the trans-Andean country. This pipeline requires an additional 50,000 barrels to be operational, although it has a transportation capacity of 100,000.

Mejor Energía

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