Argentina: Production Start-up at Fenix Offshore Gas Field
09.20.2024 By Tank Terminals - NEWS

September 20, 2024 [Market Screener]- TotalEnergies announces the start of production from the Fenix gas field, located 60 km off the coast of Tierra del Fuego in Southern Argentina.

 

The Fenix field is part of the Cuenca Marina Austral1 (CMA-1) concession, in which TotalEnergies holds a 37.5% operated interest, alongside its partners Harbour Energy (37.5%) and Pan American Energy (25%).

With a production capacity of 10 million cubic meters per day (70,000 boe/d), the Fenix development consists of a new unmanned platform, located in 70 meters water depth and connected to the existing CMA-1 facilities. Gas produced at Fenix is sent through a 35-kilometer subsea pipeline to the TotalEnergies-operated Vega Pleyade platform and is subsequently treated onshore at the Rio Cullen and Canadon Alfa facilities, which are also operated by the Company. Fenix is a low cost, low emissions development, with a carbon intensity of 9 kg CO2e/boe, leveraging on the existing infrastructure.

“The start-up of Fenix production safely and ahead of schedule, only two years after FID, demonstrates the capacity of our Company to deliver its projects. Fenix will contribute to maintaining our gas production plateau in Tierra del Fuego and ensure a reliable supply to the Argentinean gas market” said Javier Rielo, Senior Vice President Americas, Exploration & Production at TotalEnergies. “With its low break-even and low carbon intensity, Fenix perfectly matches the Company’s low-cost and low-emission strategy.”

 

Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Major Energy, Tech Firms Join HyLion e-Fuel Project in Scotland
02.07.2025 - NEWS
February 07, 2025 [Renewables Now]- A group of energy and technology companies have teamed up on ... Read More
Egypt Signs $3 Billion LNG Deals with Shell and TotalEnergies
02.07.2025 - NEWS
February 07, 2025 [Reuters]- Egypt has signed deals worth about $3 billion with Shell and TotalE... Read More
China Tariffs Could Drive US Crude Exports Lower in 2025
02.07.2025 - NEWS
February 07, 2025 [Reuters]- An emerging trade war between the United States and China could driv... Read More
Oil Set for Third Straight Weekly Decline Amid Tariff Concerns
02.07.2025 - NEWS
February 07, 2025 [Reuters]- Oil prices rose marginally in Asian trade on Friday but were on trac... Read More