close
close
Sun. Jul 14th, 2024

Wintershall DEA – Starts development drilling on the…

By Vaseline Jun10,2024

– Drilling has begun at Fnix, the largest natural gas field under development off the coast of Argentina
– Project well on track for first gas at the end of 2024
– Fnix will contribute significant natural gas volumes to Argentina’s energy supply for more than 15 years

Wintershall Dea and its partners Total Austral, a subsidiary of TotalEnergies in Argentina (operator), and Pan American Energy have commenced development drilling at the Fnix field, approximately 60 kilometers offshore Tierra del Fuego.

Noble’s jack-up drilling rig Regina Allen has been deployed to start the Fnix development drilling program. The installation is temporarily located next to the new Fnix production platform, which will be installed at the beginning of this year. Three development wells are planned to be drilled, completed and brought into production in the coming months. Production will then be evacuated via a 24-inch subsea multi-phase line to the existing Vega Plyade platform 35 kilometers away from Fnix, and from there to the Rio Cullen shore facilities.

Following the successful installation of the production platform in February and extensive and detailed preparation work for the drilling campaign in recent months, we are excited to start the next phase in the development of Fnix. We are well on track to bring this important energy project into production in the fourth quarter of this year, the company said Manfred Boeckmann, general manager of Wintershall Dea Argentina. The team looks forward to a successful drilling campaign, he added.

Fnix is ​​the largest natural gas field currently being developed off the Argentine coast. Fnix represents a key pillar for growing domestic gas production, with natural gas volumes expected to contribute to Argentina’s long-term energy supply for more than 15 years. The gas field is expected to play an important role in the country’s energy matrix and offset imports, with a planned peak production of around 10 million cubic meters of gas per day. The consortium’s total investment in the Fnix development is approximately US$700 million.

Fnix is ​​the next gas field to be commissioned as part of the world’s southernmost gas production concession CMA-1, in which Wintershall Dea and Total Austral (operator) each have a 37.5 percent share, with Pan American Energy holding the remaining 25 owns percent. . Currently, the four main gas fields Caadn Alfa, Aries, Carina and Vega Plyade in CMA-1 already produce and supply 15 percent of Argentina’s natural gas production.

WINTERSHALL DEA IN ARGENTINA

Wintershall Dea has been active in Argentina for 45 years. Today the company has interests in onshore and offshore fields in Neuqun and Tierra del Fuego, contributing significantly to Argentina’s energy supply. With a total production of approximately 60,000 barrels of oil equivalent per day, Wintershall Dea is one of Argentina’s most important gas producers.

About Wintershall Dea

Wintershall Dea is a leading, independent European gas and oil company with more than 120 years of experience as an operator and project partner along the entire E&P value chain. The company with German roots and head offices in Kassel and Hamburg researches and produces gas and oil efficiently and responsibly in 11 countries worldwide. With activities in Europe, Latin America and the MENA region (Middle East and North Africa), Wintershall Dea has a global upstream portfolio and is also active in the midstream business with its participation in natural gas transport. And we are developing carbon management and low-carbon hydrogen projects to contribute to climate goals and secure energy supplies. More in our annual report.

As a European gas and oil company, we support the EU’s 2050 carbon neutrality target. As our contribution, we have set ourselves ambitious targets: we want to be net zero by 2030 for all our upstream activities, both operated and non-operated. This includes Scope 1 (direct) and Scope 2 (indirect) greenhouse gas emissions on an equity share. base. Wintershall Dea will also reduce methane emissions intensity below 0.1 percent by 2025. We have endorsed the World Bank’s Zero Routine Flaring by 2030 initiative and continue to support the initiative aimed at eliminating routine flaring in operated assets by 2030. In addition, we plan to support global efforts to decarbonize the economy by set up a carbon management and hydrogen business to potentially reduce 20 to 30 million tons of CO2 per year by 2040. You can read more about this in our Sustainability Report.

Wintershall Dea was created from the merger of Wintershall Holding GmbH and DEA Deutsche Erdoelen AG in 2019. Today, the company employs more than 2,000 people from almost 60 countries worldwide.

The shareholders of Wintershall Dea (BASF and LetterOne) and Harbor Energy plc (Harbour) signed a business combination agreement in December 2023 to acquire the E&P activities of Wintershall Deas, consisting of the production and development assets and the exploration rights in Norway, Argentina, Germany, to be transferred. Mexico, Algeria, Libya (excluding Wintershall AG), Egypt and Denmark (excluding Ravn), as well as Wintershall Deas carbon capture and storage (CCS) permits for Harbour. Until closure, Wintershall Dea and Harbor will continue to operate as independent companies. The transaction is subject to, among other things, approvals from merger control and foreign investment authorities in various countries. Subject to these regulatory approvals, closing is scheduled for the fourth quarter of 2024. View BASF’s full press release here.

About TotalEnergies

TotalEnergies is a broad energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewable energy sources and electricity. Our 105,000 employees are committed to energy that is increasingly affordable, cleaner, more reliable and more accessible to as many people as possible. TotalEnergies is active in more than 130 countries and puts sustainable development in all its dimensions at the heart of its projects and activities to contribute to people’s well-being.

Related Post