Oil & Gas

19 Sep 2022

TotalEnergies Launches Offshore Gas Project in Argentina

19 Sep 2022  by   

A sign with the logo of French oil and gas company TotalEnergies is pictured at a petrol station in Nantes, France, June 30, 2022. REUTERS/Stephane Mahe/File Photo

France's TotalEnergies on Monday announced it had taken the final investment decision to kick off a natural gas project off the coast of Tierra del Fuego in southern Argentina.

The project, which includes setting up three wells and a pipeline, will produce 10 million cubic metres of natural gas per day and represents an investment of approximately $706 million, the company said.

TotalEnergies operates the project with a 37.5% interest, in partnership with WintershallDea (37.5%) and Pan American Sur (25%).


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