BMag Signal · In 30 seconds
Critical readWhat happened. The school of Vaca Muerta, located in Patagonia Argentina, is considered one of the most promising sites for unconventional gas and oil exploration and production. This territory has a wide distribution of reserves, but also the developments are rapid, and there are entire plants and infrastructure necessary for the exploitation of these natural resources.
The Republic of Argentina presents a significant business opportunity that requires adequate preparation. Italian companies have always played an important role in the oil and gas sector, with proven capabilities and certified expertise from their export successes in geographical areas such as valves. This trend towards imports has led to a substantial increase in their presence abroad, including in Argentina where the Promos Italy mission is being organized.
Roberto Bonanzinga, producer of Ramco, was selected for this mission. Lombard entrepreneur is optimistic about this market, based on recent transference into Argentina and the possibilities of realizing activities related to the development of Patagonia.
Forain, an Italian company, aims to find local partners for its gas treatment plants in Argentina. Luca Modenesi, Area Manager for Argentina of Industrial Mechanical Bassi, expressed interest in the Vaca Muerta area, describing it as 'a very interesting and rich opportunity.' The next step will be to qualify with Argentine contractors, taking into account their potential capabilities and good chances of realization. Fabrizio Vitali, Sales Manager of Forain, explained that the main goal is to find a local partner to engineer the company's gas treatment plants in Argentina.
Many have been launched, but now it's time to continue with work because the market there is very active and developments are swift. Andrea Bonalumi, Director of Services for... has highlighted that investment initiatives present truly high volumes, but obstacles such as taxes represent 30% of costs. However, tools exist that allow you to obtain exemptions, which is the path they are trying to follow. Roberto Bonanzinga said their goal is to find a local partner so we can engineer our gas treatment plants here in Italy before physically realizing them in Argentina.
This push towards imports has led to a significant increase in their presence abroad, including the Missione Promos Italia mission in Argentina. The Vaca Muerta school represents an enormous business opportunity but requires adequate preparation. For the Italian company, with 1,200 employees and $400 million in revenue, the goal is to find local partners to engineer its gas treatment plants in Argentina.
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