MCDERMOTT BAGS YPF CONTRACT FOR VACA MUERTA LNG IN ARGENTINA
McDermott International announced it has been awarded an important contract by Argentina-based YPF, S.A. to provide pre-front-end engineering design (Pre-FEED) services for a five million tonnes per annum (MTPA) LNG Liquefaction Facility, with a potential expansion to 10 MTPA, at the Vaca Muerta Shale field in Argentina.
The giant Vaca Muerta formation in Argentina is one of the world’s biggest unconventional finds of the last several years. The mineral composition of its organic-rich source rock lends itself to hydraulic fracturing. Its petrophysical properties are also good: the rock is more porous than the unconventional deposits of North America and comes with an extensive existing network of natural fractures.
The scope of work is a continuation of a previous conceptual study developed for the YPF LNG Export Facility in Argentina under a contract in 2018. McDermott’s London office will provide engineering services while the Houston office will perform project management and estimation services.
“The award of this Pre-FEED project is a testimony of McDermott’s technical expertise in LNG and our successful partnership with YPF over the years,” said Mark Coscio, McDermott’s Senior Vice President for North, Central and South America. “Our experience as the EPC contractor for the Peru LNG Facility in which YPF was involved – combined with McDermott’s modularization capabilities – were key factors that made us uniquely qualified to win and execute this contract.”
The project will promote the development of the Vaca Muerta Shale field in The Neuquen region Argentina.
(Source: McDermott – Image: IEEFA)
- NEW OIL FIND FOR PETROBRAS IN THE CAMPOS BASIN PRE-SALT 03rd April 2020
- PETROBRAS REDUCES OIL PRODUCTION BY 200,000 BARRELS PER DAY 02nd April 2020
- BP RESPONDS TO COVID-19 PANDEMIC AND MARKET DISRUPTION 01st April 2020
- GAZPROM NEFT EXPANDS PRODUCTION FROM ARCTIC FIELDS 30th March 2020
- CONTRACT TERMINATIONS FOR VALARIS DS-8 AND JU-109 OFFSHORE ANGOLA 27th March 2020