Cañadon Alfa-Ara-Ara Sur-Antares-Argo (Tierra del Fuego)

Profile for Cañadon Alfa-Ara-Ara Sur-Antares-Argo (Tierra del Fuego) Oil and Gas Field

Location

The Cañadon Alfa-Ara-Ara Sur-Antares-Argo oil and gas field is located in Tierra del Fuego, Argentina, specifically within the Cuenca Marina Austral 1 concession. The field's approximate coordinates are -52.7191, -68.4018.

Operator and Ownership

The field is operated by Total Austral SA, a subsidiary of TotalEnergies. The ownership is divided between TotalEnergies Austral S.A. with a 37.5% interest, and other partners holding the remaining 62.5%.

Project Details

Discovery and Production

While the exact discovery year and Final Investment Decision (FID) year are not specified, the field is currently in operation. The production started at some point prior to the available data, which includes production figures from 2020 and 2021.

Reserves

As of the latest data:

• Gas Reserves: 19,841 million cubic meters (2P reserves) as of 2022, and 8,183.3 million cubic meters as of 2020.
• Oil Reserves: 5.89 million barrels (2P reserves) as of 2022, and 4.5 million barrels as of 2020.

Production

The field's production levels are as follows:

• Gas Production:
  • 936.78 million cubic meters per year in 2020
  • 920.05 million cubic meters per year in 2021
  • 944.19 million cubic meters per year in 2022.
• Oil Production:
  • 0.35 million barrels per year in 2020
  • 0.16 million barrels per year in 2022.
• Condensate Production: 0.19 million barrels per year in 2022.

Field Complex

The Cañadon Alfa-Ara-Ara Sur-Antares-Argo field is part of a larger complex that includes several other fields such as Antares, Ara, Argo, and others, all operated by Total Austral and its partners in the Tierra del Fuego region.

Geological Setting

The field is situated within the Austral-Magellan Basin, which is characterized by a thick succession of sedimentary rocks and volcanoclastics deposited on a folded and eroded basement. This geological setting is typical of the northern foothill of the Fueguian Andes.

Historical Context

The exploration and production activities in Tierra del Fuego have a long history, with significant discoveries dating back to the 1950s and 1960s. Total Austral's involvement in the region includes several economically profitable discoveries, including the Carina, Hydra, Antares, and Ara fields, which were discovered in the late 1980s and early 1990s.