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3 clusters · 9 sources · 9 days · First seen · Last updated

Terra Ignis and Velitec hydrocarbon operations in Tierra del

Overview

Terra Ignis Energía S.A. and its partner Velitec S.A. have initiated a production recovery plan in the Cuenca Austral region of Tierra del Fuego. The project involves deploying a Velitec-owned workover unit to perform interventions on approximately 70 identified wells in mature fields. The strategy focuses on completing newly drilled wells and reactivating inactive ones, prioritizing production potential and low complexity to maximize crude oil and gas volumes.

Velitec President Facundo Araoz indicated that the project aims to improve production by 20% to 30% over a 24-month period. The operation has already created direct employment, starting with an initial staff of 12 people, with the potential for 12 additional workers as more equipment is integrated.

Alejandro Eloff, director of Terra Ignis Energía, stated that while historical production levels are unlikely to be reached because the most prolific reservoirs have already been developed, opportunities remain through technology and precise technical work. Specific field strategies include managing low pressure and isolating water layers in San Sebastián, as well as potential fracturing and punching operations in the tight reservoirs of Lago Fuego. The company aims to sustain and recover production through technical interventions, operational efficiency, and cost management to extend the useful life of existing fields.

Entities

Tierra del Fuego · Cuenca Austral · Velitec · Alejandro Eloff · Facundo Araoz

Timeline

  1. [BUSINESS] 3 sources
    Terra Ignis Energía targets production recovery in Tierra del Fuego

    Terra Ignis Energía is implementing technical interventions and new technologies to extend production in the mature hydrocarbon fields of Tierra del Fuego, Argentina.

  2. [BUSINESS] 6 sources
    Velitec begins workover operations to boost production in Tierra del Fuego

    Velitec and Terra Ignis SA have begun workover operations on 70 wells in Tierra del Fuego to boost oil and gas production by an estimated 20% to 30% over two years.

  3. [BUSINESS] 4 sources
    Terra Ignis and Velitec deploy workover unit in Tierra del Fuego

    Terra Ignis Energía and Velitec have deployed a new workover unit in Tierra del Fuego to maintain and recover production capacity in existing oil and gas wells within the Cuenca Austral.

Sources

contextosfueguinos.com · diarioprensa.com.ar · ecosfueguinos.com · esnoticiatdf.com · mitdf.com.ar · radiouniversidad.com.ar · surenio.com.ar · tiempofueguino.com · ushuaianoticias.com

This summary has been updated 1 time: see revision history