Pecom, the energy company of the Pérez Companc Group, has officially assumed operatorship of the Campamento Central – Cañadón Perdido oil concession in Chubut, following approval from the provincial government. This marks a major milestone in Pecom’s return as a key player in Argentina’s upstream sector.
The approval completes the acquisition of assets previously held by YPF, as part of the Project Andes transfer. The remaining 50% of the concession was owned by Enap-Sipetrol, which recently exited its Argentine operations, selling its stake to Oblitus International, a UK-based company controlled by Xtellus Partners in New York, for $41 million.
With this deal, Pecom strengthens its footprint in Argentina’s oil industry, now operating both Campamento Central – Cañadón Perdido and El Trébol-Escalante—fields that together produce 10,250 barrels of oil per day.
Pecom’s CEO, Gustavo Astie, highlighted the company’s vision for optimising production in mature oil fields:
“The first months of operations at El Trébol-Escalante have been very promising. Taking over operations at Campamento Central – Cañadón Perdido consolidates our position in the region, where we will apply our innovative recovery model to maximise production efficiency.”
This expansion reinforces Pecom’s long-term commitment to Argentina’s oil sector, leveraging its expertise in enhanced oil recovery (EOR) to optimise the output of mature fields.
The departure of Enap-Sipetrol from Argentina signals a shift in the country’s upstream landscape, as new players step in to reposition assets in key oil-producing provinces. The entry of Oblitus International into the market reflects continued international interest in Argentina’s hydrocarbon resources, despite broader industry challenges.
As Argentina continues reforming its energy sector under President Javier Milei’s administration, the consolidation of operators like Pecom will play a key role in the country’s oil production strategy.
