PAE confirms shale gas reserves in Chubut Province

PAE confirms shale gas reserves in Chubut Province

Pan American Energy to invest US$250 million in project to exploit shale gas findings in Cerro Dragon field, says Chubut Governor Ignacio Torres.

The main private oil company reconverted a historic production area and became the first to advance with unconventional operations in the San Jorge Gulf Basin

The company of the Bulgheroni family confirmed the existence of economically recoverable gas shale in the Gulf of San Jorge and will invest US$250 million to study the potential of the province in non-conventional production

Pan American Energy (PAE) obtained the concession of an area of hydrocarbons in the southern province of Chubut where it already operated but has been converted after finding non-conventional gas there, official sources reported. According to a statement by the provincial executive, PAE found 'shale gas' (unconventional gas) within the formation D-129 in the Cerro Dragon area, in which until now it had a concession for the exploitation of conven…

The governor of Chubut, Ignacio Torres, announced this Sunday the conversion of the Cerro Dragon area into a concession of non-conventional exploitation of hydrocarbons, after verification of the existence of shale gas in the formation D-129, in the Gulf of San Jorge. The measure was authorized by the province and supported by the Pan American Energy (PAE), which will invest about 250 million dollars in a pilot plan that seeks to transform the b…

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