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December 2, 2021

Fortin De Piedra Unconventional Gas Field, Argentina

By Carmen

Fortin De Piedra is a producing unconventional gas field located onshore Argentina and is operated by Tecpetrol. The field is located in block Fortin De Piedra.

Field participation details

The field is owned by The Techint Group.


Production from Fortin De Piedra

The Fortin De Piedra unconventional gas field recovered 20.27% of its total recoverable reserves, with peak production in 2019. The peak production was approximately 3 thousand bpd of crude oil and condensate, 472 Mmcfd of natural gas and 1.37 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2040. The field currently accounts for approximately 6% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 289.57 Mmboe, comprised of 7.93 Mmbbl of crude oil & condensate, 1,672.98 bcf of natural gas reserves and 2.8 Mmbbl of natural gas liquid reserves. Fortin De Piedra unconventional gas field reserves accounts 0.23% of total remaining reserves of producing unconventional gas fields globally.


About Tecpetrol

Tecpetrol SA (Tecpetrol), a subsidiary of Techint Group, is an oil and gas exploration and production company. The company acquires, explores, produces, transports and distributes oil and gas. It operates fields and blocks in Argentina, Venezuela, Bolivia, Ecuador, Mexico, Peru and Colombia. Tecpetrol’s portfolio includes Ipati and the Aquio blocks in Bolivia; and El Tordillo, La Tapera, Estancia La Mariposa, Puesto Quiroga and Jose Segundo in Argentina among others. The company markets products to refineries, end-users, local distributors, electrical power generators and industrial customers. It also supply electricity to the TenarisTamsa and Ternium industrial plants. Tecpetrol is headquartered in Buenos Aires, Argentina.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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