Pampa Energía
| Company type | Public |
|---|---|
| Industry | Energy (electricity, oil, gas) |
| Founded | 2005 |
| Headquarters | Buenos Aires , Argentina |
Area served | Argentina |
| Products | Electricity generation, transmission, distribution; oil and gas exploration and production; refining; petrochemicals |
Pampa Energía S.A. stands as the foremost independent energy firm in Argentina, with operations spanning the electricity, oil, and gas sectors. Established in 2005 and based in Buenos Aires, the company is publicly traded on the Buenos Aires Stock Exchange and constitutes a notable portion of the Merval index (7.18% as of January 2019) as well as the MSCI Argentina Index (10.77% as of January 2019). Additionally, Pampa maintains a Level II American Depositary Share (ADS) program on the New York Stock Exchange, where each ADS corresponds to 25 common shares.
Core Businesses
By the end of 2018, Pampa’s electricity generation division possessed an installed capacity of 3,871 MW, accounting for approximately 10% of Argentina’s total power capacity. An ongoing expansion project aims to add 504 MW, increasing total capacity to 4,375 MW. In transmission, Pampa co-controls Transener, which manages an extensive network exceeding 14,500 km of high-voltage lines and is responsible for transporting 85% of the country’s electrical power. The distribution segment is dominated by Edenor, Argentina’s largest electricity distributor, providing service to around three million customers across Northern Buenos Aires and Northwestern Greater Buenos Aires.
Pampa ventured into upstream gas activities in 2009 via Petrolera Pampa and broadened its oil and gas assets in 2016 through the acquisition of Petrobras Argentina. Its portfolio includes both operated and non-operated fields located within the Neuquina, San Jorge, and Noroeste Basins. As of March 2019, production averaged 47,000 barrels of oil equivalent daily from 11 blocks and a total of 869 wells. In midstream operations, Pampa holds an indirect interest in TGS, Argentina’s principal gas transportation company that operates a pipeline system extending 9,231 km along with a liquids processing facility at General Cerri capable of handling one million tons annually. On the downstream front, Pampa owns a 28.5% share in Refinor, which runs a refinery with a throughput capacity of 25,800 barrels per day, supported by a network of 81 service stations and an annual processing capability of 390 thousand tonnes. Furthermore, Pampa controls three advanced petrochemical plants producing styrene, SBR, and polystyrene products, commanding between 80% and full domestic market share in these segments.