We are proud to announce that we have started the operation of the state-of-the-art drilling rig DLS-4161 for Pan American Energy.
With a total investment close to USD 10 million, and the final upgrade stage scheduled for next year, this unit will provide all the technical features and capabilities required by the operators to drill the most demanding wells in the Vaca Muerta formation.
During the current year, we will carry out the drilling of guides and intermediates, according to the contract signed with Pan American Energy for a period of 2 years and for a total estimated sales of USD 22.5 million during the contract term.
We continue to drive the most ambitious investment plan in the oilfield services industry in Argentina, focused on efficient and safe operations to deliver the best service to our customers.
We thank Pan American Energy for ratifying their confidence with this new contract and for working together to further the growth of Vaca Muerta.