Parva Negra is a unconventional gas development located onshore Argentina and is operated by Pampa Energia. Parva Negra lies in block Parva Negra Este.
The project is currently in commissioning stage and is expected to start commercial production in 2022.
Field participation details
The field is owned by Exxon Mobil, Gas y Petroleo del Neuquen, QatarEnergy and Pampa Energia.
Production from Parva Negra
Production from the Parva Negra unconventional gas development project is expected to begin in 2022 and is forecast to peak in 2024, to approximately 8 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2052.
Remaining recoverable reserves
The field is expected to recover 6.77 Mmboe, comprised of 40.6 bcf of natural gas reserves.
About Pampa Energia
Pampa Energia SA (Pampa) is an integrated energy company. It generates and transmits electricity; and explores for and produces oil and gas; produces and distributes petrochemicals; and commercializes and transports hydrocarbons. The company produces electricity using the coal, wind, hydro and co-generation sources; and explores for and produces hydrocarbon products in Argentina, Ecuador and Venezuela. Pampa produces intermediate gasoline, monomer styrene, propellants, hexane and other hydrogenated paraffinic solvents, aromatic solvents, rubber and polymers. It serves residential, small and medium commercial, industrial, wheeling system and other customers in Argentina. The company has power generation and other production sites in Argentina. Pampa is headquartered in City of 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.