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Energy that connects

Tecpetrol has a long-standing record of leading large and complex energy projects in Latin America. These projects are related to upstream and midstream activities of the oil and gas industry and to the power generation industry. The fast-track development of unconventional resources in Vaca Muerta, a major Argentine field, has consolidated Tecpetrol as a regional leader in this area. The company has vast experience operating mature fields, applying enhanced recovery methods in order to extract the largest amount of oil available in the reservoirs. Additionally, through the recently created Energy Transition Business Unit, Tecpetrol is also generating a new profit center based on decarbonized energy sources, carriers, related technologies, and synergies with all the industrial companies of the Techint Group.

More about us
More about us

BUSD 1.8

Annual net sales

3,500

Employees (own and contractors)

165,500

Barrels of oil equivalent per day

1,000

Wells in production

200,000

Acres of unconventional fields

B3.4

Cubic feet per day of gas transportation capacity

Environmental Management System

PILLARS

From the Patagonian steppes to the rainforests in Salta, passing through the Ecuadorian jungle, the Colombian Llanos and the arid Mexican desert... the challenges Tecpetrol faces every day are as diverse as the topography and landscapes where it works. The energy is there, maybe as much as 4,000 meters down. The test is not just to produce it, but to do so with the future in mind. This is why Tecpetrol plans each and every one of its steps: they perform detailed studies prior to undertaking any activities, and continuously monitor these to mitigate impacts. Finally, they undertake extensive work to restore and recover biodiversity in the areas operated.

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  • Design of special processes

  • Treatment of chemical products

  • Using water responsibly

  • Soil recovery and revegetation

  • Responsible exploration

  • Waste treatment

Our history

  • 1980

    Beginnings

    The Techint Group investes in oil and gas blocks in Argentina through exploration and production company Tecpetrol.
  • 1990

    Explorations

    The Atamisqui and Atuel Norte blocks acquired in the province of Mendoza, as well as Agua Salada in Río Negro, and Los Bastos and Catriel Viejo in Neuquén, Argentina. In the same year, the company is awarded the José Segundo oilfield in the San Jorge Gulf basin, also in Argentina.
  • 1991

    El Tordillo

    Tecpetrol acquires the El Tordillo block in Comodoro Rivadavia, province of Chubut, and consolidates its presence in the Patagonian region of Argentina.
  • 1992

    Salta

    It is awarded 23% of the natural gas and oil fields of Aguaragüe in Salta, Argentina, with other partners in a joint venture.
  • 1994

    Venezuela

    Tecpetrol enters Venezuela with a non-operating agreement for the Unidad Quiamare-La Ceiba Unit.
  • 1996

    Colón Unit

    It continues its Exploration and Production (E&P) operations with an agreement for the Colón Unit, in Venezuela.
  • 1997

    Transport and Distribution Division

    The hydrocarbons Transport and Distribution Division is created, with focus on the natural gas downstream and midstream business while polyducts and natural gas pickup pipelines and processing plants are added to the business.
  • 1999

    Ecuador

    Tecpetrol is awarded the Bermejo Area in Ecuador.
  • 2000

    Camisea, Peru

    The company is awarded the Camisea transportation pipeline business in Peru. The project involves the transportation of NG and LNG and their distribution in Lima for a period of 33 years. A contract with Perupetro is signed for the Camisea block.
  • 2003

    Mexico

    Tecpetrol forms a consortium to provide Petróleos Mexicanos (PEMEX) with natural gas production services in the Misión block, located in the Burgos basin in northern Mexico.
  • 2004

    Baripetrol

    Tecpetrol constitutes Baripetrol, a mixed company in association with Petróleos de Venezuela (PDVSA) and a further two international oil firms for the exploration and production of the Colón area on the western coast of Maracaibo Lake, Venezuela.
  • 2007

    Northern Argentina

    It is awarded the Hickmann exploration area, located in the northwest of the province of Salta. In October it is awarded the Río Colorado area in that same province of Argentina.
  • 2008

    Growth

    Tecpetrol signs a Study Agreement with YPFB for the exploration of the San Telmo Block in Bolivia. An agreement is signed to participate in the exploration, production and development of the Estancia La Mariposa and Lomita de la Costa blocks in Santa Cruz, Argentina. It is also awarded three exploratory blocks in Colombia.
  • 2009

    Further growth

    Tecpetrol begins the provision of services to check the state of repair and reliability of the Sistema 3 facilities in Mexico. It wins the bid for the exploration and development of Orán, Salta, Argentina. It renegotiates and extends the concessions for Los Bastos and Fortín de Piedra in Neuquén. In Peru, it expands the Natural Gas Transportation System of Camisea.
  • 2010

    Expansion

    Tecpetrol closes on the acquisition of its first exploration and production assets in the United States, headquartered in Houston, Texas. PEMEX awards Tecpetrol the development of Campo Coyotes, in Chicontepec, Mexico. A windmill with 1.5 MW of power is set up in El Tordillo, Argentina.
  • 2012

    Pardaliservices

    Petroecuador awards the Libertador field to the Pardaliservices consortium -led by Tecpetrol- and the Shushufindi field to the homonymous consortium, where Tecpetrol has a 25% stake.
  • 2014

    Argentina

    Tecpetrol is awarded Loma Ancha, at the Neuquina basin. The license on the San Jorge Gulf basin fields is extended up until 2047.
  • 2015

    Neuquén

    Tecpetrol acquires 5 areas at the Neuquina basin: Los Toldos, Loma Ranqueles, Huacalera, Medanito Sur and Rinconada Norte. The Agua Salada license is extended up until 2025.
  • 2016

    Central Eléctrica Pesquería

    Tecpetrol acquires a larger share of TGN. The licenses for Fortín de Piedra and Punta Senillosa, Neuquén, were extended up until 2051. Central Eléctrica Pesquería, a 900 MW combined cycle gas power plant in Monterrey, operated by Tecpetrol, is inaugurated.
  • 2017

    Vaca Muerta

    A USD 2.3 billion investment for developing non-conventional resources at the Fortín de Piedra field in Vaca Muerta formation, Argentina, is announced.
  • 2018

    Strong in Vaca Muerta

    By the end of 2018, in Fortín de Piedra field, in Vaca Muerta, Tecpetrol allocates USD 1.6 billion and achieves a level of production of 600 million cubic feet/day. This amount represents 13% of Argentina’s gas production.

Ready to continue developing Vaca Muerta

Ready to continue developing Vaca Muerta

Duration:
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