“The war between Russia and Ukraine creates a strong energy demand globally. While in Europe we are seeing an acceleration of the energy transition to reduce our dependence on oil, there is still an urgent need to produce energy that Russia has cut off. More than an opportunity, Argentina has a responsibility with Vaka Muerta to accelerate the development of our resources. The words are derived Richard MarcusCEO of Tecpetrol, an energy company of the Techint Group, which has its flagship field in Fortin de Piedra, Waka Muerta.

President of Tenaris for South Cone, Javier Martinez Alvarez, Fills the situation in the global energy supply chain: “Today it is very difficult to determine the price of energy. “Within this framework, having a local supplier becomes a strategic asset because it ensures price and supply predictability,” he said. “The inevitable effect is that countries will become more cautious,” he stressed, so they are looking for tighter supply chains. America is a continent without war conflicts. “Today it is a differential asset that, if added to institutional stability and transparency, would be a very strong proposition for those countries that need an alternative.”

The Tenaris official for South Cone also noted that the company he heads is very close to experiencing the drama of the war situation. “We have three factories in Europe. silcotubIn Romania, 150 kilometers from the Ukrainian border. Romania received 250 thousand Ukrainians in two weeks, which means a lot of pressure. “In fact, as a group, we provide humanitarian assistance through a fund in Italy and with the Red Cross,” he said.

Ricardo Marcus once again pointed to the responsibility that opens up for the use of Vaca Muerta’s resources and shared the impressive number of projects he is implementing in the Neukენისn Basin: “When we decided in 2017 to invest in Fortín de Piedra. There were only experimental wells. Six teams drilling in a few months. We will invest in the construction of a 275-kilometer pipeline and a treatment plant. And two years later, We produced 17 million cubic meters of gas per day“15 percent of the entire national production,” he said.

These figures currently exceed one hundred drilled wells and 20 million cubic meters of gas per day. “A very important activity that makes us proud that we have Investment 2 300 million “The dollar in Fortín de Piedra,” Marcus said. “Vaka Muerta remains a strategic asset for the country, which must take off thanks to a large investment and export framework. “The potential it offers is enormous: Argentina has a historical oil heritage, and with this development we can generate currency, quality employment and use this know-how in the development of an existing industry,” Martinez Alvarez added.

Gas, the protagonist of the energy transition

From the Energy Transition Division, Tecpetrol has created a Corporate Venture Capital (CVC) initiative called TechEnergy Ventures: Its mission is to invest in and accelerate the development of cutting-edge technologies in carbon management, sustainable lithium extraction, renewable energy, electrification, and water. .

“There are opportunities for all energies. “In the short term, there may be higher energy costs due to the conflict between Russia and Ukraine, which will accelerate the energy transition and also lead to a shift in supply sources,” Martinez Alvarez said, recalling that the firm had announced little to build. A wind farm in Adolfo Gonzalez, Buenos Aires, that provides 50 percent of the electricity in Campana, the company’s industrial center.

“The production of competitive and abundant shale gas from Vaka Muerta is different in the context of energy transitions, as it has lower emissions than coal and oil and its derivatives,” Marcus said, noting the compliance with the construction plan. Main gas pipeline from Vaka Muerta. “This is a transformation project for Argentina, which is a new chapter in the value chain of the gas chain and an expansion of productive activities. “Fortín de Piedra is an example of this: deposit activity has mobilized more than a thousand small and medium-sized businesses from different provinces,” he said.

Tenaris, Tecpetrol and Techint Engineering and Construction (TEIC) have unveiled a joint stand at the Oil and Gas Exhibition on “Energy Transition and Integration” focusing on companies’ commitment to decarbonisation by 2030.

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