06/02/2017 - Press release
Vega Pléyade, the world’s southern most gas development reaches 10,000 hours of production
Total Austral, operator of the CMA-1 Consortium, together with its partners Wintershall Energía and Panamerican Energy, announce that following the start up, the offshore Vega Pléyade gas and condensate field, the world’s southernmost gas development, has reached 10,000 hours of production.
The Vega Pléyade gas and condensate field is located 20 km offshore, south of the San Sebastián Bay, Province of Tierra del Fuego. The project operated by Total Austral has a potential turnover of 10 million cubic meters per day (70,000 oil equivalent barrels) and demanded an investment of more than USD 1,000 million.
"Opening of this project represents a milestone for the CMA-1 Consortium partners and for the Argentine gas market", said Michel Hourcard, Vicepresident Americas of Total Group. "It is the world’s southernmost gas development and demanded overcoming several technical, logistic and weather challenges. We would like to thank all the teams that worked hard both in Argentina and abroad to allow the successful launching of Vega Pléyade. This project evidences our strong commitment to participate in the country's economic development and to sustainable supply of the growing gas demand".
Vega Pléyade is part of concession of the Marina Austral 1 (CMA-1) Basin, and is operated by Total Austral (37,5%), and its partners Wintershall Energía (37,5%) and Panamerican Energy (25%).
The development of Vega Pléyade, which is the result of an interdisciplinary team work, demanded two and a half years and consisted in the construction and setting up of an offshore platform, in 50 meter deep waters, connected through an underwater 77 kilometer gas pipeline to the gas treatment facilities at Rio Cullen and Cañadón Alfa, also operated by Total Austral.
The CMA-1 Consortium currently operates the following onshore and offshore fields: Hidra, Kaus, Ara-Cañadón Alfa, Argo, Carina and Aries. Gas produced in these fields is treated in the onshore Rio Cullen and Cañadon Alfa plants, located north of the Province of Tierra del Fuego. These fields deliver more than 20 million cubic meters of gas daily to the Argentine market.