Petrolifera to Begin Pipeline Construction in June
Canadian oil and gas company Petrolifera Petroleum (TSX: PDP) aims to begin construction in June of a natural gas pipeline that will connect its Puesto Morales-Rinconada concession to a processing plant owned by local gas company Gas Medanito, Argentina's Rio Negro province said in a statement.
The 30km pipeline will have 1Mm3/d capacity, according to the statement, which was based on a Petrolifera presentation.
Petrolifera aims to begin transporting an initial 16Mf3/d (453,000m3/d) through the pipeline by September and reach 20Mf3/d by year-end, Petrolifera CEO Richard Gusella told BNamericas.
Petrolifera's investment in the project is less than US$10mn and preliminary works are underway, Gusella said.
After Petrolifera constructs the pipeline, Medanito will manage its operation and take a share of the liquids separated from the gas in the plant.
"We feel our production capacity is considerably higher through a combination of solution gas as well as the non-associated gas we're going to be developing," Gusella added.
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