MICROSOFT, the world's largest software company, will build a software plant in the province of Neuquen
The pipeline would ship gas from the Mangrullo Block to the primary separation unit at Loma La Lata, in the province of Neuquen
The established Neuquen
basin has significant conventional oil and gas production and existing infrastructure, including roads, pipelines and rail, as well as an experienced oil and gas workforce, making it the next most attractive prospect for development.
Within the Neuquen
Basin, Apco is active in the Entre Lomas, Bajada del Palo and Agua Amarga areas.
With this award, it will not only further increase our presence in the Neuquen
area, but it clearly establishes us as one of the largest service providers in the country.
This extends the reserve life for our fields located in Neuquen
province and provides us with the time we need to develop the additional reserves in a rational manner consistent with our best practices," said Ralph Hill, Apco's chairman and chief executive officer.
The SIC is likely less vulnerable considering that the gas transmission pipeline between Neuquen
and Buenos Aires (Transportadora de Gas del Norte S.
The extension of our Neuquen
concessions can be compared to an acquisition in which Apache has a good understanding of the value," said Rob Johnston, region vice president.
As of 2003, the Neuquen
basin held 47% of the countries proven natural gas reserves and accounted for approximately 65% of natural gas production.
The contract with Repsol-YPF includes the supply, installation, operation and maintenance of 35,000-horse power located in the "El Porton" field in the Neuquen
Basin of Argentina.
This network connect the cities of Santiago de Chile, Mendoza, Cordoba, Rosario, Buenos Aires, Bahia Blanca, Neuquen
, Bariloche, Osorno and Paso de Los Libres.
The majority of the operated properties are in the Neuquen
Basin, where Apache presently is active on a small scale.