PESA Argentina chapter debuts in Buenos Aires
BUENOS AIRES - United States Ambassador to Argentina Edward Prado welcomed PESA to his residence in Buenos Aires to kick off the creation of the PESA Latin America Regional District, Argentina Chapter on Tuesday, September 24.
After a welcome and overview of the oil and gas industry dynamics in Argentina by Ambassador Prado, PESA President Leslie Beyer introduced attendees to PESA and provided background on how the Chapter will benefit PESA companies in Argentina. Scott Livingston discussed PESA’s support of oilfield service and equipment company operations around the globe and his hopes for the new chapter. Chapter President Federico Medrano closed the event with a market analysis of the Vaca Muerta, opportunities for service and equipment companies in the region and a discussion on how to successfully navigate barriers to market entry.
Among the large crowd in attendance were leaders from major oil and gas operators in the region, representatives from both the U.S. and Argentine governments, and numerous service and equipment companies. The large crowd and enthusiasm are indicative of the significant demand and opportunities for PESA companies in the region. The Vaca Muerta formation has only been 4% developed thus far and will not be able to become fully developed without the significant technological expertise and experience of PESA member companies who lead the world in unconventional drilling.
During the meeting, potential leaders of the Chapter were identified and a Steering Committee will be formed in the coming weeks. The warm welcome from the Ambassador, Argentine government and operators in the region speak strongly to continued positive development of the Chapter moving forward. This kickoff represents the next stage of PESA’s commitment to support its member companies in the United States and around the world wherever they operate.
"The technology and innovation of the oilfield services and equipment sector is needed to fully develop Vaca Muerta, and PESA is serving our members by connecting them with commercial opportunities in the region," said PESA President Leslie Beyer.