Overview
- At the IEFA Latam Forum, oil and gas leaders said the Iran-driven price spike looks temporary and pivoted discussion to exports, calling LNG the formation’s “second birth.”
- Tecpetrol detailed a roughly US$2.5 billion oil project at Los Toldos II Este slated to start before June 1, targeting 70,000–80,000 barrels per day this year and above 100,000 next year, after investing more than US$3.5 billion to build Fortín de Piedra into Argentina’s leading shale-gas field.
- Phoenix Global Resources outlined a US$2.5 billion plan to lift output from about 23,000 barrels per day to 34,000 by year-end, add April capacity for 40,000, and reach a 60,000-barrel plateau in three years, citing a 3,700-barrel test at its Confluencia Sur X3 well.
- Executives emphasized export scale beyond limited regional gas demand, citing LNG potential of roughly 50–75 million m3 per day if projects progress, with additional capacity envisioned from ventures such as YPF’s and SESA’s.
- Neuquén and Río Negro governors pressed four priorities—predictability, social peace, industrial development and public works—flagging US$800 million in infrastructure spending and losses from inadequate roads, while pointing to recent macro tools like the RIGI.