Aconcagua adds drilling rig to fleet

Feb. 20, 2024
Aconcagua Energía expects to invest $110 million for 2024 across all group operations and activities in Argentina, said group president and chief executive officer Diego Trabucco.

Aconcagua Energía expects to invest $110 million for 2024 across all group operations and activities in Argentina, said group president and chief executive officer Diego Trabucco.

In a presentation, Trabucco highlighted new drilling equipment, the A-302 rig, which joins the company's fleet of tower equipment. The addition is expected to allow Aconcagua to increase its activity and address the shortage of drillers in the country by leasing the equipment to third parties.

The general operations director of Petrolera Aconcagua Energía (PAESA) and chief executive officer of Aconcagua Energía Servicios (AENSA), Leonardo Deccechis, detailed activity in Cuyana and Neuquén basins. The company has started drilling a second well in the Confluencia Sur concession (northern Neuquén basin - Malargüe Department in Mendoza) with the A-301 rig after drilling well SR.x-1001 with “promising results.”

In January, PAESA and AENSA drilled well SR.x-1001, which was profiled and tubed, reaching a final depth of about 2,000 m. It is currently in the completion process with the Workover A-201 equipment, also from the company's fleet.