energy company
The energy industry refers to all of the industries involved in the production and sale of energy, including fuel extraction, manufacturing, refining and distribution. Modern society consumes large amounts of fuel, and the energy industry is a cr ...
in Argentina, with participation in the electricity and
oil
An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) and lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturate ...
and
gas
Gas is a state of matter that has neither a fixed volume nor a fixed shape and is a compressible fluid. A ''pure gas'' is made up of individual atoms (e.g. a noble gas like neon) or molecules of either a single type of atom ( elements such as ...
value chain. It was founded in 2005 and is headquartered in
Buenos Aires
Buenos Aires, controlled by the government of the Autonomous City of Buenos Aires, is the Capital city, capital and largest city of Argentina. It is located on the southwest of the Río de la Plata. Buenos Aires is classified as an Alpha− glob ...
.
Pampa is listed on the
Buenos Aires Stock Exchange
The Buenos Aires Stock Exchange (BCBA; ) is the organization responsible for the operation of Economy of Argentina, Argentina's primary stock exchange located at Buenos Aires central business district. Founded in 1854, it is the successor to the ' ...
and is one of the Argentine companies with a greater weight on the Merval index (7.1809% as from January 1, 2019). Besides, Pampa is one of the Argentine companies with a greater weight on the
MSCI
MSCI Inc. (formerly Morgan Stanley Capital International) is an American finance company headquartered in New York City. MSCI is a global provider of equity, fixed income, real estate indices, multi-asset portfolio analysis tools, ESG and ...
New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...
, and each ADS represents 25 common shares.
Core Businesses
In the electricity value chain, as of December 31, 2018 Pampa's power generation segment has an installed capacity of 3,871 MW, which represents 10% of Argentina's
installed capacity
Nameplate capacity, also known as the rated capacity, nominal capacity, installed capacity, maximum effect or gross capacity,Transener, company co-controlled by Pampa, which operates and maintains the Argentine high voltage transmission grid covering more than 14.5 thousand km of lines, as well as 6.2 thousand km of Transba high voltage lines. Transener transports 85% of the electricity in Argentina. The electricity distribution segment is composed of Edenor, the largest electricity distribution utility in Argentina, with 3 million customers and a concession area covering the Northern
City of Buenos Aires
Buenos Aires, controlled by the government of the Autonomous City of Buenos Aires, is the Capital city, capital and largest city of Argentina. It is located on the southwest of the Río de la Plata. Buenos Aires is classified as an Alpha− glob ...
and Northwestern
Greater Buenos Aires
Greater Buenos Aires (, GBA), also known as the Buenos Aires Metropolitan Area (, AMBA), refers to the urban agglomeration comprising the Autonomous City of Buenos Aires
Buenos Aires, controlled by the government of the Autonomous City of B ...
.
Pampa started to develop gas upstream in 2009, with the creation of Petrolera Pampa. In 2016, Pampa enhanced their oil and gas segment by acquiring the Petrobras Argentina, which was formerly PeCom Energía and later the former Argentine subsidiary of
Petrobras
Petróleo Brasileiro S.A., better known by and Trade name, trading as the portmanteau Petrobras (), is a Brazilian state-owned enterprise, majority state-owned multinational corporation in the petroleum industry headquartered in Rio de Janeiro. ...
. Pampa currently holds in their oil and gas segment both operated and not operated blocks in Neuquina, San Jorge and Noroeste Basin, which average production from Argentina amounted to 47 thousand
barrels of oil equivalent
The barrel of oil equivalent (BOE) is a unit of energy based on the approximate energy released by burning one barrel (, or about ) of crude oil. The BOE is used by oil and gas companies in their financial statements as a way of combining oil an ...
per day, with operations in 11 production blocks and 869 productive wells (March 2019). In midstream, Pampa's assets are made up by their indirect interest in TGS, the country's major gas transportation company, owning a 9,231 km-long gas pipeline network and a liquids processing plant, General Cerri, with an output capacity of 1 million tons per year. In downstream, Pampa holds 28.5% direct interest in Refinor, which has a refinery with an installed capacity of 25.8 thousand oil barrels per day, 81 gas stations and a processing capacity of 390 thousand tonnes per year. Pampa also owns three high-complexity petrochemical plants producing styrene, SBR and polystyrene, with a domestic market share ranging between 80% and 100%.