[HIGHLIGHTS] Dead cow in the sea? After an investment of US$ 700 million, oil companies begin to produce gas on the Argentine coast

Three international oil companies installed an oil platform built in Italy in Tierra del Fuego. They will begin producing gas in November and at the peak it would represent 7% of Argentine production last winter.

The Fénix project is expected to reach a peak production of about 10 million cubic meters per day (MMm3/d) of natural gas. The project belongs 37.5% to Total, another 37. 5% to Wintershall Dea and 25% to PAE.