Compania General de Combustibles

Substantially all of the company's production and exploration activities are focused across the Austral on-shore basin in the province of Santa Cruz in the southern part of the country. Importantly, the company is the largest gas producer in the onshore Austral basin, with a total of 7.3 million gross acres and 5.3 million net acres. The company op... erates or hold interests in 40 oil and gas fields across twelve blocks in the Austral basin, one block in the Neuquen basin and one block in the Northwestern basin. The company own several infrastructure facilities in the Austral Basin, including oil and natural gas treatment plants, gathering systems, batteries for collecting fluids at each field and more than 1,300 km of interconnection pipelines to transport production to treatment. The company operates important storage and delivery facilities (with capacity of 135,000m3) near the Punta Loyola sea port, which allows the company to easily access the oil market. Additionally, the company has significant investments in a network of pipelines in northern and central Argentina. n 2018 this network of pipelines represented 40% of the gas transportation market in Argentina and consisted of an aggregate total length of over 7,300 km of pipeline with a delivery capacity of approximately 60 million MMm3/d. The company's production and development activities are conducted pursuant to 26 production concessions and 4 exploration permits granted by the Argentine federal and provincial governments. The company conduct these activities ourselves or pursuant to agreements with joint operating partners. The company operates all the company's oil and gas fields in the Austral basin. The company also operate the oil and gas fields in the Angostura block in the Neuquen basin. The company's oil and gas field in the Northwestern basin, the Aguaragüe block, is operated by the company's joint operating partner. Two minute trip to the company's assetsRead More