Asset Report

Terra Ignis - Tierra del Fuego Assets

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This analysis covers seven assets in Tierra del Fuego province, operated by Velitec under a transitional agreement with the provincial company Terra Ignis. The main producing blocks (A, B, and Los Chorrillos) are located on Tierra del Fuego island. The assets were transferred from YPF to Terra Ignis in January 2026 as part of YPF's conventional asset divestment program. Produced oil and condensate is transported via pipeline to the nearby Cruz del Sur terminal and onwards to market. Gas is either sold to local distributors or injected into the San Martín ...

Table of contents

  • Summary
    • Terra Ignis selects Velitec to operate former YPF assets
    • Licence extension
  • History
  • Tierra del Fuego
  • Los Chorrillos
  • Lago Fuego and Río Grande Sur
  • Development work under Apache (2006-2014)
  • Development work under YPF (2015-2025)
  • Development work under Terra Ignis (2026 onwards )
  • Oil
  • Gas
    • Transportation costs
  • 3 more item(s)...

Tables and charts

This report includes the following images and tables:

    Field Hydrocarbon CharacteristicsDiscovery SummaryReserves (2P) at 01/01/2026
    Production (2016-2025)Production ProfileCapital Costs Pre-2017 to 2025 (US$ million)Cash Flow (US$)PV Table (US$)Summary Table (US$)Split of RevenuesCumulative Net Cash Flow - UndiscountedCumulative Net Cash Flow - Discounted at 10% from 01/01/2026
  • 6 more item(s)...

What's included

This report contains:

  • Document

    Terra Ignis - Tierra del Fuego Assets

    PDF 3.13 MB

  • Document

    YPF - Tierra del Fuego Assets

    PDF 2.06 MB