Fluxus enters Argentina, will operate in Vaca Muerta
The agreement sets that Fluxus must make an initial investment of 21.3 million dollars for the reactivation of 54 wells between 2026 and 2027, as well as for the maintenance of existing facilities
EFE
Wednesday, 20 August 2025
The Brazilian company Fluxus will enter the giant Vaca Muerta unconventional hydrocarbon formation in southwestern Argentina, following authorization by the province of Neuquén to operate areas previously transferred by the oil company Pluspetrol.
According to official sources, Fluxus was authorized to exploit the Centenario Centro unconventional area within Vaca Muerta. It also received permission to operate the Centenario conventional blocks I and II. All of these areas were transferred to Fluxus by the Argentine oil company Pluspetrol.
Neuquén’s Minister of Energy and Natural Resources, Gustavo Medele, stated in a press release that Fluxus “has international experience and is looking to grow not only in hydrocarbons.”
“Now, with all the authorizations in place, we can say that we have a new operator in the Neuquén basin, and that truly fills us with pride,” the minister highlighted.
Fluxus, part of the Brazilian J&F group, produces natural gas in Bolivia.
The authorization granted by Neuquén marks its entry into Argentina, where it will begin operating the areas transferred by Pluspetrol later this year.
The agreement states that Fluxus must make an initial investment of 21.3 million dollars for the reactivation of 54 wells between 2026 and 2027, as well as for the maintenance of existing facilities.
It also provides for the abandonment of 76 wells that Fluxus and Pluspetrol have stated do not meet the conditions to be considered productive assets nor justify their reactivation.
A key focus is the development of the Turboexpander plant in the Centenario Centro area, which will allow hydrocarbons to be processed locally.
Vaca Muerta, centered in the province of Neuquén, is the world’s second-largest unconventional gas reserve and the fourth-largest unconventional oil reserve, currently undergoing rapid large-scale development.
This massive formation, first explored by Argentine oil company YPF in 2013, has received investments of around 50 billion dollars since then for its development.
In addition to YPF, companies operating in Vaca Muerta include Vista, Tecpetrol, Shell, Chevron, Total, PAE, and Pampa Energía, among others.