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Enap partners with Upwing Energy to boost Chile's natural gas production by 20% to 200%

Chile partners with Upwing Energy to potentially boost natural gas output by up to 200%, aiming for energy independence.

By Max Weldon

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2/27, 10:08 EST
Equinor ASA

Key Takeaway

  • Enap partners with Upwing Energy, aiming to boost Chile's natural gas production by 20% to 200%, enhancing energy independence.
  • The collaboration marks Upwing's South American debut, backed by investments from Equinor ASA, focusing on innovative compressor technology.
  • This strategic move aligns with Enap's vision to optimize its asset portfolio and meet Chile's growing energy needs sustainably.

Boosting Natural Gas Production

Chile's state oil and gas company, Enap, has entered into a partnership with California-based firm Upwing Energy to enhance natural gas production in the country. The collaboration involves the installation of compressors deep within wells at Enap's onshore operations in the Magallanes Basin. Upwing Energy's technology has the potential to increase production by 20% to 200%, depending on well conditions.

"This partnership signifies a significant opportunity for Enap to increase revenue, pay down debt, and support future investments," said an Enap spokesperson. Chile, known for its exports of commodities like copper and pulp, heavily relies on imported oil and gas due to limited domestic hydrocarbon output. The initiative aims to reduce this dependency and strengthen Chile's energy independence.

Innovative Technology Implementation

Upwing Energy, a subsidiary of Calnetix Technologies established in 2015, has garnered investments from major players like Equinor ASA from Norway. The contract with Enap marks Upwing's entry into the South American market, showcasing the company's commitment to expanding its global footprint and leveraging its advanced technology to optimize natural gas production.

"We are excited to bring our expertise and cutting-edge technology to Chile and work alongside Enap to enhance their operational efficiency and output," stated a representative from Upwing Energy. The partnership underscores the importance of innovation and collaboration in driving sustainable growth and development in the energy sector.

Strategic Expansion and Operational Impact

Enap, with operations in multiple countries including Argentina, Ecuador, and Egypt, is strategically positioning itself to capitalize on the potential of its natural gas fields in Chile. The implementation of advanced compressors in the Magallanes Basin signifies a proactive approach towards maximizing resource utilization and driving operational excellence.

"This initiative aligns with our long-term vision of enhancing production capabilities and optimizing our asset portfolio to meet the evolving energy needs of Chile and beyond," highlighted a senior executive from Enap. The partnership with Upwing Energy reflects a shared commitment to technological innovation and sustainable practices in the energy industry.