TotalEnergies: launches offshore gas project in Argentina
(CercleFinance.com) - TotalEnergies announces that it has approved the final investment decision (FID) for the Fenix gas development project, located 60 kilometres south of Argentina.
Through its subsidiary Total Austral, the company is the project's operator with a 37.5% interest, in partnership with Wintershall DEA (37.5%) and Pan American Sur (25%).
The Fenix field development comprises three horizontal wells, drilled from a new automated platform in 70 metres of water.
When it comes on stream in early 2025, Fenix will produce 10 million cubic metres of natural gas per day, or 70,000 barrels of oil equivalent per day. The investment costs 706 million dollars.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
Through its subsidiary Total Austral, the company is the project's operator with a 37.5% interest, in partnership with Wintershall DEA (37.5%) and Pan American Sur (25%).
The Fenix field development comprises three horizontal wells, drilled from a new automated platform in 70 metres of water.
When it comes on stream in early 2025, Fenix will produce 10 million cubic metres of natural gas per day, or 70,000 barrels of oil equivalent per day. The investment costs 706 million dollars.
Copyright (c) 2022 CercleFinance.com. All rights reserved.