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Terra Ignis and Velitec hydrocarbon operations in Tierra del

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2026-09-30 06:29 UTC → 2026-10-07 03:23 UTC · added removed

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 began with the deployment of involves deploying a Velitec-owned workover unit, transported from Comodoro Rivadavia to Cruz del Sur, unit to facilitate the maintenance and reconditioning of oil and gas wells. Following the arrival of the equipment, Velitec commenced operations targeting perform interventions on approximately 70 identified wells in mature fields. The intervention strategy focuses on completing newly drilled wells and reactivating inactive ones, prioritizing production potential and low complexity. 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. 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.

Versions

  1. 2026-10-07 03:23 UTC Terra Ignis and Velitec hydrocarbon operations in Tierra del
  2. 2026-09-30 06:29 UTC Terra Ignis and Velitec hydrocarbon operations in Tierra del

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