ExxonMobil: project to expand in Argentina

(CercleFinance.com) - On Tuesday ExxonMobil announced that it is proceeding with an expansion project on the Bajo del Choique-La Invernada block in Argentina, a project that is expected to produce up to 55,000 barrels of oil equivalent per day in five years.


The US energy giant says that this project will include 90 wells, a central production facility and export infrastructure connected to both the Oldeval pipeline and refineries.

If this expansion is successful, ExxonMobil could invest in a second phase that should produce up to 75,000 barrel of oil equivalent per day. This would depend on the performance of the initial project, as well as market conditions.


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