The mechanism will make it possible to know the whole of the country’s hydrocarbon potential, allowing the quantity and quality of gas and oil to be determined. And with this it will be possible to advance in the planning of public policies in the sector.
The Ministry of Energy approved a new Technical Regulation for the Measurement of Hydrocarbons to improve knowledge of the volumes of gas and oil in the domestic market. “It is a necessary step to know the whole of the hydrocarbon potential of Argentina”, they justified. The measure will also serve as an input for “the planning of public policies in this sector,” according to the Secretary of Darío Martínez.
The changes in the rules and procedures established in 2010 apply to production measurement systems, and must be followed by exploration permit holders and hydrocarbon exploitation concessionaires throughout the country. The changes were included in Resolution 557/2022. The modification adapts the quantification systems to the unconventional explorations of Vaca Muerta and offshore in the south of the country, which require the installation and expansion of their measurement structures.
But also particularly if offshore finds are verified off the coast of Mar del Plata. Similarly, the new regulatory framework considers new technologies and the incorporation of new measurement instruments, and updates the verification and calibration periods. Quality information With these systems, the State can access “the most complete and precise information on volumes of production, treatment, fractionation, transport and storage of hydrocarbons in the whole of the territory”, which will allow it to determine “the quantity and quality of gas and oil”.
The body in charge of processing and storing the data received will be the National Directorate of Transport and Infrastructure of the Undersecretary of Hydrocarbons, of Maggie Videla.