#CGC

Leading independent company in hydrocarbon exploration and production (Upstream) and gas transportation (Midstream).

Natural gas and oil production. It participates in the TGN (Transportadora de Gas del Norte) pipeline network, covering 40% of the country’s gas transportation.

Santa Cruz Ties Royalty Cuts to Investment Pledge
Upstream / Fiscal Policy

Santa Cruz Ties Royalty Cuts to Investment Pledge

Governor Claudio Vidal presented the program to representatives of all operators active in the province. Royalties on new unconventional and offshore production would fall to 5% over a 10-year term

“We saw a clear opportunity in a market where demand is growing and supply is almost entirely concentrated in Neuquén,” said Diego Trabucco.
Shift in plans

Nova Energy adds 24 rigs in DLS Archer deal, eyes growth strategy

The company, created by Aconcagua Energía together with Patagonian partners, is betting on the San Jorge Gulf Basin as a growth platform and is preparing to enter the unconventional segment. The strategic deal adds a significant portfolio of 24 rigs, including drilling, workover, pulling and specialized service units.