Gas is the way to go
TOGY talks to Osvaldo del Campo, CEO of Galileo Technologies, about Galileo’s contributions to efficiency in the Argentine natural gas sector.
What has been the development of the company in Argentina?
Thanks to shale resources, we have multiple gas sources to which we have now added renewable gas sources, such as biogas. We want to connect these multiple sources with multiple users through a new commercial layer.
Today, several companies are operating wells with our virtual pipeline model. We are building a thermal power station that will run on natural gas that is dispersed in the thermal power station that will run on natural gas that is dispersed in the system and we will provide it via LN. This is what we call “Natural Gas 3.0”.
Could you explain what you mean by “natural gas 3.0”?
We divide the evolution of the natural gas sector into three parts. The first, in all countries, in the linking of conventional resources and conventional clients. That is, fields connected with large cities via pipelines. The second is the use of new technologies to move beyond simple pipeline delivery with virtual pipelines, which in Argentina meant the use of gas increased from 20% to 50%.
What has been last year’s evolution?
In Argentina, there is a huge deficit in gas compression and production. We went from self-sufficiency to a 50 mcm [1.77 bcf] deficit per day, even with the second-largest shale gas reserves in the world.
We just developed a new technology of well layout for YPF that we call distributed compression, which compresses the gas at the wellhead. This increases productivity, as much as 300% in some wells, and significantly reduces fixed infrastructure costs, since 100% of the compression is done at the wellhead.
Source: The Oil & Gas Year (TOGY) – October 7, 2016