Glossary
Vaca Muerta glossary
The terms that come up when oil and gas activity reaches a piece of land in Neuquén, explained for landowners and for companies looking for a site. The full glossary, with about thirty terms, is in Spanish.
Surface owner (superficiario)The owner of the land surface where oil and gas activity happens, as opposed to the owner of the subsoil, which in Argentina is the province.Oil and gas easement (servidumbre hidrocarburífera)The operator's right to use part of someone else's land for wells, roads and pipelines, in exchange for payment to the surface owner.Well pad (multi-well pad)A single site from which several horizontal wells are drilled side by side: the standard layout in Vaca Muerta.Exploitation concessionThe title that allows a company to produce oil and gas in an area for a term set by law.Royalties (regalías)The share of production value the concession holder pays to the province that owns the resource.CPF (central processing facility)The plant that receives production from many wells to separate oil, gas and water before shipping.Hydraulic fracturingInjecting water, sand and additives under pressure to open fissures in the rock so oil or gas can flow.VMOS (Vaca Muerta Oil Sur)The roughly 437 km oil pipeline from Allen to Punta Colorada (Río Negro) to export Vaca Muerta crude through the Atlantic.Argentina LNGYPF's project with Eni and XRG to liquefy Vaca Muerta gas and export it as LNG from the San Matías Gulf.RIGI (Large Investment Incentive Regime)Argentina's regime under Law 27,742 granting tax, customs and FX benefits and 30-year stability to large investments.
See these terms on the ground.
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