The Angostura exploration area, that covers 384 sq km, lays directly to the west of and is interconnected via gas pipeline to President’s Las Bases field. Gas is currently being produced from three wells and oil from two wells. There is a small treatment facility for the gas, which is then transported via pipeline to the Las Bases gas plant and thereafter on though President’s regional pipeline direct to off takers. Oil production will be shipped via truck to President’s own Puesto Prado oil treatment plant for processing. President sees great operational synergy with its current Rio Negro operations, and the opportunity to utilize its critical mass to optimize cost and significantly reduce OPEX in the field.
The field has a gas connection via pipeline to Las Bases