VMOS SA, a company part-owned by YPF —the largest company in the Argentine energy sector— has awarded Técnicas Reunidas the contract for the engineering and management services related to the Vaca Muerta project, the large oil field that extends over 30,000 square kilometers in several provinces in central Argentina.
This oil project, which is the largest in the country and has one of the largest non-conventional oil and gas reserves in the world, strengthens YPF’s position in the global energy market, and also boosts Argentina’s economic development by creating jobs and attracting foreign investments.
The work entrusted to the Spanish company includes the engineering, procurement and construction management services, under an EPCm type contract, for a hydrocarbon storage and dispatch terminal to be located in Punta Colorada, on the coast of the province of Río Negro.
The terminal will have a storage capacity of 600,000 m3, a very significant figure from an international scale perspective, and will be divided into five tanks. Its dispatch capacity will be 62,000 m3 per day through two monobuoys that will be able to load very large crude carriers (VLCC)) tankers.
The worth of the contract awarded to Técnicas Reunidas will amount some 440 million dollars, of which more than 70 million will correspond to engineering and project management services. The total investment to be made by YPF and its partners for the full implementation of the terminal will be around 1.8 billion dollars.
The work entrusted to Técnicas Reunidas will be carried out by engineers from the company’s centers in Madrid, Argentina and Chile. Its execution will require around 1 million working hours.
In a previous stage of this project, Técnicas Reunidas was in charge of optimizing the conceptual engineering previously developed by YPF. This work made it possible to reduce the investment figures and the execution periods for the planned infrastructures, with the aim of enabling the Argentinean company to export fuel at reduced capacity as quickly as possible, once local demand had been met.
The award of the new contract extends Técnicas Reunidas’ relationships with this client, as the Spanish company is currently and successfully completing the project to upgrade the Luján de Cuyo refinery that YPF recently awarded it.
The Vaca Muerta contract is in line with the boost that Técnicas Reunidas is currently applying to its involvement in projects in which construction risks are minimized, in line with the SALTA strategic plan presented last May.
Tuesday, 7 January 2025
Wednesday, 1 January 2025
Sanha lean gas connection achieves first gas
Cabinda Gulf Oil Company Limited (“CABGOC”), Chevron’s subsidiary in Angola, and Block 0 partners, have successfully achieved first gas on the Sanha Lean Gas Connection (SLGC) project.
"First gas from the Sanha Lean Gas Connection shows CABGOC’s success in maximizing value from existing resources in Block 0 while growing capabilities in Angola" said Billy Lacobie, managing director of Chevron's Southern Africa Strategic Business Unit. “The Sanha Lean Gas Connection project will help supply gas from Block 0's Sanha field to Soyo power plants and Angola Liquefied Natural Gas (ALNG), serving as a gas hub for CABGOC operations. As a long-term partner, Chevron builds upon a legacy of 70 years of operational excellence in Angola and remains dedicated to continuing to provide reliable, affordable, and lower carbon energy to benefit the people of Angola.”
Currently, CABGOC operations export 300 Million Standard Cubic Feet (MMSCF) per day to ALNG through the Congo River Crossing Pipeline (CRX). The first stage of SLGC will deliver an additional 80 MMSCF per day of Sanha gas to the Angola LNG gas plant. The next stage involves commissioning the Booster Compression (BC) module, which will add 220 MMSCF per day, bringing the CRX pipeline to its full capacity of 600 MMSCF per day.
The SLGC is a world-class facility built in Benguela province. It involved the design and construction of a new platform, which was integrated with the existing Sanha facilities and the CRX Pipeline. This integration connects the gas supply from CABGOC operations to the Angola LNG Plant (ALNG).
CABGOC operates and holds a 39.2 percent interest in Block 0, a concession adjacent to the Cabinda coastline, and a 31 percent operated interest in a production-sharing contracts in deepwater Blocks 14, located West of Block 0. With 36.4 percent, CABGOC is also the largest equity shareholder in the Angola LNG (Liquefied Natural Gas) project in Soyo, and shareholder with 31 percent in the New Gas Consortium, operated by Azule Energy.
"First gas from the Sanha Lean Gas Connection shows CABGOC’s success in maximizing value from existing resources in Block 0 while growing capabilities in Angola" said Billy Lacobie, managing director of Chevron's Southern Africa Strategic Business Unit. “The Sanha Lean Gas Connection project will help supply gas from Block 0's Sanha field to Soyo power plants and Angola Liquefied Natural Gas (ALNG), serving as a gas hub for CABGOC operations. As a long-term partner, Chevron builds upon a legacy of 70 years of operational excellence in Angola and remains dedicated to continuing to provide reliable, affordable, and lower carbon energy to benefit the people of Angola.”
Currently, CABGOC operations export 300 Million Standard Cubic Feet (MMSCF) per day to ALNG through the Congo River Crossing Pipeline (CRX). The first stage of SLGC will deliver an additional 80 MMSCF per day of Sanha gas to the Angola LNG gas plant. The next stage involves commissioning the Booster Compression (BC) module, which will add 220 MMSCF per day, bringing the CRX pipeline to its full capacity of 600 MMSCF per day.
The SLGC is a world-class facility built in Benguela province. It involved the design and construction of a new platform, which was integrated with the existing Sanha facilities and the CRX Pipeline. This integration connects the gas supply from CABGOC operations to the Angola LNG Plant (ALNG).
CABGOC operates and holds a 39.2 percent interest in Block 0, a concession adjacent to the Cabinda coastline, and a 31 percent operated interest in a production-sharing contracts in deepwater Blocks 14, located West of Block 0. With 36.4 percent, CABGOC is also the largest equity shareholder in the Angola LNG (Liquefied Natural Gas) project in Soyo, and shareholder with 31 percent in the New Gas Consortium, operated by Azule Energy.
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