Oleoductos del Valle (‘OldelVal’)

As of December 31, 2021, 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, evacuating the oil produced in the Neuquina Basin to Puerto Rosales (a port in the City of Bahía Blanca) and supplying of the Plaza Huincul and Luján de Cuyo distilleries located in the pipeline’s area of influence.

In 2021, oil transportation from Allen to Puerto Rosales reached 32,047 m3/day on average, and transportation to the refineries located in the provinces of Neuquén and Mendoza totaled an average of 1,865 m3/day and 619 m3/day, respectively. The total transported volume was 34,532 m3/day, equivalent to 79.3 million bbl in 2021, representing a 19.5% increase compared to 2020.

It is worth mentioning that the Allen – Puerto Rosales main pipeline’s transportation capacity by the end of 2021 was 28,800 m3 per day without polymer, and 36,000 m3 per day with polymer.

On the other hand, a hydrocarbon spill occurred in the Medanito area, Province of Río Negro, on December 10, 2021, and was contained on the same day. There were no injuries and no nearby watercourses were affected. Moreover, all works necessary for oil recovery have been performed, and soil and vegetation cleanup are about to be completed. The total amount of the incident is estimated at US$6 million and OldelVal is making the necessary filings before the insurance companies.

It is worth highlighting that in 2021 OldelVal has managed to maintain the transportation service, ensuring operational continuity and a reliable pumping system.