Chile’s Enap launches Magallanes oilfield services, construction tenders

Chilean national oil company Enap is seeking services companies to carry out upstream work in hydrocarbons acreage in Magallanes region.

In a tender notice, Enap outlined 14 services, spanning drilling, completion and intervention.

Nine services would be carried out by a single awardee, and Enap plans to contract up to three firms for the others, which would be called upon to provide quotes when services are needed. 

Focused on searching for tight gas, Enap is carrying out work at blocks Dorado Riquelme, Manzano and Arenal.

Dorado Riquelme is in the drilling phase, according to a company financial statement. Local methanol producer and Enap client Methanex has a 50% non-operating stake in the acreage, via a so-called CEOP special oil operation contract.

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In 4Q23, Enap produced 21,000boe/d gas and 2,000boe/d oil in Chile. Enap's reserves in Chile stood at around 48.8Mboe (million barrels of oil equivalent) at end-2023.

Enap has earmarked US$580mn for E&P work in Magallanes region under its 2023-27 business plan. 

Overall, Enap E&P investment in 2023 was US$337mn, split between Arenal and acreage in Ecuador. 

Enap also operates in the upstream segment in Egypt and Argentina. Under the 2023-27 plan, the company has allocated US$826mn for drilling campaigns in Egypt and Ecuador and secondary and tertiary recovery projects in Argentina.   

Bids for the services contracts will be received until May 29.

More information can be seen here.

CONSTRUCTION WORK

Enap has also put out to tender a contract to carry out construction work in Magallanes.

Types of projects targeted include compression stations, hydrocarbons ducts, lighting systems and concrete structures, among multiple others.

A tender notices states: “The objective of this tender is the execution of works intended, mainly, for the transportation of hydrocarbons, operational surface facilities and works associated and/or complementary to future construction needs, which are generated according to the results of the different exploratory projects and/or or development that Enap is generating, the above in productive facilities associated with Enap's Tierra del Fuego continental and island area in the Chilean Magallanes and Antarctic region.”

Bids will be received until June 27.

More information can be seen here.