Oleoductos del Valle (‘OldelVal’)
As of December 31, 2019, Pampa holds a 2.1% direct interest in OldelVal. OldelVal operates main oil pipelines providing access to Allen, in the Comahue area, and the Allen – Puerto Rosales oil pipeline, which allow for the evacuation of the oil produced in the Neuquina Basin to Puerto Rosales (a port in the City of Bahía Blanca) and the supply of the Plaza Huincul distillery located in the pipeline’s area of influence.
In 2019, oil transportation from Allen to Puerto Rosales reached 24,809 m3/day on average, and transportation to the refineries located in the Province of Neuquén totaled an average 2,355 m3/day. The total transported volume was 28,045 m3/day, equivalent to 64.4 million bbl transported in 2019, representing a 16.2% increase compared to 2018.
In 2019, OldelVal managed to maintain uninterrupted transportation services, ensuring operational continuity and a reliable pumping system. Furthermore, planned objectives were achieved in terms of safety and investments.