Pampa Energía will have an initial 18% stake in the YPF-led US$3bn Vaca Muerta Sur oil pipeline and terminal project, Pampa said. Pampa’s equity stake – which may decrease if other parties jump onboard – ensures a take-or-pay transportation contract for 50,000b/d, along with storage and dispatch capacity. Following completion of the project, Pampa’s dispatch capacity will be nine times as much as in place today, and will support transportation of oil from Rincón de Aranda, where the gas-focused company is investing to expand its oil footprint.
December 17, 2024
SOURCE: BN AMERICAS
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