en.Wedoany.com Reported - Argentine upstream company Pluspetrol has issued $450 million in bonds, with the proceeds to be used for debt refinancing, capital expenditures, and working capital. The company is seeking to increase production in the Bajo del Choique-La Invernada and La Calera blocks of the Vaca Muerta formation.
Legislators in Argentina's Neuquén Province have approved an agreement between the province and YPF, the country's largest oil and gas producer. The agreement will provide a special fiscal and regulatory framework for YPF's planned liquefied natural gas export project to enhance its competitiveness. In addition to royalties and other areas, the agreement also covers permits. YPF has applied for unconventional extraction permits for five blocks: Meseta Buena Esperanza I and II, Las Tacanas I and II, and Aguada Villanueva Norte, which are associated with projects valued at over $20 billion. YPF has also committed to investing $175 million in infrastructure, either through its own projects or those led by the provincial government. YPF must notify the relevant authorities within a maximum of 24 months after its final investment decision and securing the international financing required for the project.
The project has an annual capacity of 12 million tons, including two liquefaction vessels and pipelines off the coast of Río Negro Province, as well as onshore natural gas processing and storage infrastructure. YPF is collaborating with Italy's Eni and Abu Dhabi's XRG. Officials have previously stated that the final investment decision will be made this year, with operations expected to begin in 2030. According to a YPF presentation, a potential 6 million tons per year expansion is under consideration, involving one liquefaction vessel with an estimated investment of $8 billion. A final investment decision could be made by the end of 2028, with commercial operations targeted for 2032.
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