MercoPress. South Atlantic News Agency
Total inaugurates gas field offshore Tierra del Fuego with potential production of 10m cubic meters per day
Argentina will officially inaugurate this Friday the Vega Pléyade natural gas field, twenty kilometers offshore Tierra del Fuego to the south of the San Sebastián bay. The field started production last February and as “a production potential of 10 million cubic meters per day”. Read full article
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Disclaimer & comment rules“Under an agreement reached last November...80% of royalties from Vega Pléyade will feed Tierra del Fuego treasury and the remaining 20% the federal government.”
Aug 26th, 2016 - 06:47 pm - Link - Report abuse 0Great agreement contemplating most of the resources staying local.
Wonderful, so no money for Total as 100% already earmarked, or what is the royalties afforded to Total
Aug 26th, 2016 - 07:12 pm - Link - Report abuse 0This is not exactly news. The distribution of revenues from royalties was announced last year, and the gas field has been a well known issue here in the south for years. You don't suppose that somebody is dredging this up again and again to make somebody look good?
Aug 26th, 2016 - 09:45 pm - Link - Report abuse 02013:
http://www.bloomberg.com/news/articles/2013-10-23/total-to-lead-offshore-gas-field-in-tierra-del-fuego
February this year:
http://www.bloomberg.com/news/articles/2013-10-23/total-to-lead-offshore-gas-field-in-tierra-del-fuego
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