The company Phoenix Global Resources was responsible for carrying out the first unconventional exploration of the Vaca Muerta formation in the province of Río Negro. This initiative involved an investment of over 85 million dollars and aimed to boost hydrocarbon production in the Río Negro territory.
Governor Alberto Weretilneck, accompanied by provincial authorities and executives from Phoenix, visited the Confluencia Norte facilities, the first unconventional well project in the region. During the inspection, the achievements of the project and its impact on the energy production of the province were highlighted.
The milestone marked by the company pertains to the first PAD with three unconventional horizontal wells in the western sector of the Vaca Muerta formation. Additionally, future drilling phases have been planned to expand energy development in the region.
As part of its exploratory commitments in Río Negro, Phoenix carried out the registration and processing of 3D seismic in the Confluencia Norte and Sur areas. This data is essential for planning new drilling and continuing to enhance hydrocarbon production.
Phoenix Global Resources acquired the Confluencia Norte and Sur areas in 2023 and already records a total production of 15,500 barrels per day in its unconventional assets. The company plans to continue investing in the development of the region and has partnered with GeoPark Limited to strengthen its activities in the area.
The Phoenix Pad includes the drilling of three horizontal wells with lateral branches of 3,000 meters, reaching a final length of 6,300 meters each in the subsurface. These wells have undergone advanced hydraulic fracturing techniques, with a total of 135 stages, demonstrating high performance in hydrocarbon production.
Governor Weretilneck emphasized the strategic importance of this project for the growth of the provincial hydrocarbon industry, while highlighting the positive impact on the economic and social development of the region. With these initiatives, Río Negro positions itself in a new energy scenario, opening new opportunities for employment and investment in the province.
