Phoenix has a long list of jobs and goals set for the remainder of the year and 2022 with special focus on Vaca Muerta. When they finish completing the drilling at Corralera, the company plans to continue in its Mata Mora block, in addition to activity for its conventional blocks.
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The Mata Mora concession covers a pilot phase with work determined to be completed by March 2026, includes a commitment to CapEx from $ 110 million and consists of 4 pads 3 horizontal wells each. In detail, the wells will have an average lateral branch of 2,150 meters.
The work programs for 2021 and 2022 cover the drilling and completion of the 2 horizontal wells in Corralera, and the drilling and completion of 2 pads in Mata Mora, each of them with 3 wells.
After completing the drilling activity at Corralera, the team will mobilize to Mata Mora to drill the 6 wells. They will have average lateral extensions of 2,150 meters and between 29 and 33 fracture stages. Likewise, a vertical well is planned to collect geological data.
“Mercuria, the majority shareholder of the oil company, continues to support it and for the board of directors the firm is now in a firmer financial position that allows it to focus on the development of its unconventional assets “, they indicated from the company.
The directory recognizes that major investments will be necessary to fully exploit the assets and that to achieve this it may be necessary to provide third party funds, apart from Mercury.
In addition to Corralera and Mata MoraThe company has planned well interventions, maintenance work in general and the drilling of exploratory wells divided between the Tupungato-Refugio and Atamisqui areas; Post Rojas and Río Atuel that operates.
Finally, in the Chachahuen area that YPF operates for this year, they planned to start a polymer pilot project. They will also build a gas and oil pipeline from the block to Puesto Hernández.
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