TotalEnergies has announced the commencement of gas production from the Fenix gas field, offshore Argentina.
Situated 60km off the coast of Tierra del Fuego in Southern Argentina, the Fenix field is a part of the Cuenca Marina Austral 1 (CMA-1) concession.
TotalEnergies holds a 37.5% operated interest in the field, while Harbour Energy and Pan American Energy hold 37.5% and 25% stake as partners.
The field has a production capacity of ten million cubic meters of gas per day, equivalent to 70,000 barrels of oil equivalent per day (boepd).
The Fenix project includes a new unmanned platform in 70 metres of water, connected to the existing CMA-1 facilities.
Gas from the Fenix field is transported via a 35km subsea pipeline to the Véga Pléyade platform, operated by TotalEnergies.
From there, it is treated onshore at the Río Cullen and Cañadon Alfa facilities, which is also operated by TotalEnergies.
TotalEnergies senior vice president Americas for Exploration & Production, Javier Rielo said: “The start-up of Fenix production safely and ahead of schedule, only two years after FID, demonstrates the capacity of our Company to deliver its projects.
“Fenix will contribute to maintaining our gas production plateau in Tierra del Fuego and ensure a reliable supply to the Argentinean gas market. With its low break-even and low carbon intensity, Fenix perfectly matches the Company's low-cost and low-emission strategy."
In a separate development, Bloomberg reports that TotalEnergies is preparing a deepwater drilling operation off the coast of Suriname.
Despite not having formally approved the $9bn development of crude discoveries in the region, the company is reportedly securing two rig leases for future drilling, according to sources.
TotalEnergies and its partner APA are anticipated to make a final investment decision (FID) on the development of oil discoveries in Suriname as early as October 2024.
In June 2024, TotalEnergies stated that it is set to make an FID on Suriname's Block 58 by the end of the year.
Block 58 is adjacent to ExxonMobil's Stabroek block in Guyana, which contains more than 11 billion barrels of recoverable oil and gas.
TotalEnergies and APA each hold a 50% interest in Block 58, and Staatsolie, Suriname's state oil company, has the option to acquire up to a 20% interest upon the FID.
