CB&I to Construct Crude Storage Tanks for Argentina’s Vaca Muerta Oil Terminal
(P&GJ) — CB&I has been awarded a contract by VMOS S.A. to build storage tanks for Argentina’s Vaca Muerta Sur oil export terminal in Punta Colorada, Río Negro Province.
The contract covers engineering, procurement, fabrication, and construction (EPC) of storage capacity totaling 630,000 cubic meters (4 million barrels). The storage tanks will support the planned Vaca Muerta crude oil pipeline system, aimed at boosting Argentina’s oil exports to global markets.
The 437-kilometer (272-mile) Vaca Muerta Sur pipeline will transport oil from Argentina’s shale formation to the coastal export terminal. The project is led by VMOS, a midstream joint venture backed by state-owned YPF along with Pan American Energy, Vista Energy, and Pampa Energía.
CB&I participated in the project from the front-end engineering and design (FEED) phase through EPC execution, optimizing the design to reduce costs and accelerate the timeline.
“We are excited to be VMOS’s storage solutions partner for this critical export infrastructure project in Argentina,” said CB&I CEO Mark Butts. “CB&I brings industry-leading safety, quality, and project execution professionalism to every client we serve. We look forward to delivering on our commitments to YPF and the VMOS-associated project partners and shareholders.”
Construction is set to begin in the second quarter of 2025, with completion targeted for the fourth quarter of 2026. CB&I classifies the project as a “significant contract,” valued between $100 million and $250 million.
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