TotalEnergies SE has taken final investment decision (FID) to develop the $706-million Fenix gas project 60 km offshore Tierra del Fuego, southern Argentina, the operator said in a release Sept. 19.
First phase of Fenix field development—in the CMA-1 concession—will comprise three horizontal wells drilled from a new, unmanned platform in 70 m of water. Gas will be transported through a 24-in. OD, 35-km subsea, multiphase pipeline to the TotalEnergies-operated Véga Pleyade platform and treated onshore at Rio Cullen and Cañadon Alfa plants, also operated by the company.
At production start-up, expected early 2025, Fenix will produce 10 million cu m/d of natural gas (70,000 boe/d).
Four gas field in the concession—Cañadón Alfa, Aries, Carina and Vega Pléyade—are on production, supplying 16% of Argentina's natural gas demand. The Fenix project will help maintain production in Tierra del Fuego province and guarantee gas supply to the Argentine market, partner Wintershall said in a separate release Sept. 19.
TotalEnergies is operator of the project (37.5%) with partners WintershallDea AG (37.5%) and Pan American Sur (25%).