TotalEnergies SE has begun manufacturing on the Fenix fuel area, positioned 37.3 miles (60 kilometers) off the coast of Tierra del Fuego in Southern Argentina.
The Fenix area is a part of the Cuenca Marina Austral 1 (CMA-1) concession, through which TotalEnergies holds a 37.5 % operated curiosity, alongside its companions Harbour Vitality, which additionally holds 37.5 %, and Pan American Vitality, which holds 25 %.
With a manufacturing capability of 10 million cubic meters per day, or 70,000 barrels of oil equal per day (boepd), the Fenix improvement consists of a brand new unmanned platform, positioned in 70 meters water depth and linked to the present CMA-1 amenities, TotalEnergies stated in a information launch.
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Fuel produced at Fenix is distributed by means of a 21.7-mile (35-kilometer) subsea pipeline to the TotalEnergies-operated Véga Pléyade platform and is subsequently handled onshore on the Río Cullen and Cañadon Alfa amenities, that are additionally operated by the corporate.
Fenix is a low price, low emissions improvement, with a carbon depth of 9-kilograms CO2 equal per boe, leveraging on the present infrastructure, TotalEnergies stated.
“The beginning-up of Fenix manufacturing safely and forward of schedule, solely two years after FID [final investment decision], demonstrates the capability of our firm to ship its tasks. Fenix will contribute to sustaining our fuel manufacturing plateau in Tierra del Fuego and guarantee a dependable provide to the Argentinean fuel market,” Javier Rielo, Senior Vice President Americas, Exploration and Manufacturing at TotalEnergies, stated. “With its low break-even and low carbon depth, Fenix completely matches the corporate’s low-cost and low-emission technique”.
TotalEnergies stated it has been working in Argentina since 1978, and immediately employs greater than 1,100 folks in its enterprise segments, in Exploration & Manufacturing, renewable electrical energy, and lubricants.
By means of its Complete Austral affiliate, it’s the nation’s main worldwide fuel producer, working some 25 % of manufacturing. The corporate’s fairness share of manufacturing averaged 88,000 boepd in 2023.
In Tierra del Fuego, TotalEnergies operates the Cuenca Marina Austral 1 (CMA-1) concession, which incorporates onshore fields and 6 offshore platforms. In Neuquen, the corporate holds fairness pursuits in 5 onshore blocks, spanning greater than 235,000 web acres, all operated, in response to the discharge.
TotalEnergies operates three wind farms and one photo voltaic plant in Argentina, with an put in capability of roughly 300 megawatts.
In June, Wintershall Dea introduced the beginning of improvement drilling on the Fenix area, alongside companions TotalEnergies subsidiary Complete Austral, and Pan American Vitality.
The full funding of the consortium within the Fénix improvement quantities to roughly $700 million, Wintershall Dea stated in an earlier information launch.
Noble Company’s jack-up drilling rig Regina Allen was deployed to start out the Fénix improvement drilling program.
With its pure fuel volumes that may contribute for greater than 15 years to Argentina’s long-term power provide, Fénix represents a fabric pillar for rising home fuel manufacturing. The fuel area is predicted to play a major function within the nation’s power matrix and to offset imports, with a deliberate peak manufacturing of round 353 million cubic toes (10 million cubic meters) of fuel per day, Wintershall acknowledged.
At present, the 4 most important fuel fields Cañadón Alfa, Aries, Carina and Vega Pléyade in CMA-1 are already producing and supplying 15 % of Argentina’s pure fuel manufacturing.
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