Following a $110 million USD investment, Tenaris is strengthening its fracking capabilities in Argentina with the addition of a third hydraulic fracking set for Vaca Muerta, one of the world’s largest shale gas reservoirs.
The investment includes a fracking set with 28 pumps, a coiled tubing set with auxiliary equipment, and the acquisition of a gas compressor plant, eight trucks for gas delivery to the site, and a decompression plant to supply the pumps.
This equipment will expand Tenaris’s well completion capacity in Vaca Muerta, following the acquisition of its first hydraulic fracking set in 2020 and a second in 2024. Tenaris is now the third-largest provider of fracking services in the local market.
“By 2026, we will have invested more than $240 million USD to provide services for unconventional wells since making the strategic decision to acquire our first hydraulic fracking and coiled tubing assemblies in 2020,” said Javier Martínez Álvarez, Tenaris president for the Southern Cone.
The new fracking set will feature 28 pumps and 70,000 horsepower. It will also incorporate DGB - Tier IV technology, which improves efficiency by using compressed natural gas (CNG) as a power source, reducing diesel consumption by 70%. This will be the first equipment in the country with this technology and is expected to be operational in early 2026.
Additionally, Tenaris is building a new service center in Vista Alegre, located midway between Añelo and Neuquén City, to support Vaca Muerta’s growth. The facility is expected to begin operations in the first half of 2025.
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