11 July 2023
11 July 2023
The report found that further development of the oilfield will ultimately displace more than 100,000 people.
As per the preliminary evaluation, the discovery holds gross recoverable resources in the range of 120–230 million barrels of oil equivalent.
Scheduled for commissioning in 2028, the project will be capable of producing 12 million tonnes of low-cost LNG annually.
The 175 governments that form the IMO also committed to reduce the carbon intensity of shipping by at least 40% by 2030 compared with 2008 levels.
The Teal West project involves drilling of up to two production subsea wells and one water injection well.
The 90 million-cubic-metre cargo will help the terminal produce two billion cubic metres of gas this year, with five billion projected for 2024.
The field is estimated to hold hydrocarbon reserves of 350 billion cubic metres of gas and 45 million tonnes of condensate.
The first stage of the Nestor Kirchner Gas Pipeline starts in Neuquen province and reaches Buenos Aires province.
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