ENAP is set to invest US$ 649 million in exploration and production in the Magallanes region to enhance gas supply and promote renewable projects, reflecting a dual focus on traditional hydrocarbons and sustainability.

Target Information

ENAP (Empresa Nacional del Petróleo) has intensified its efforts in recent years to explore new gas reserves in the Magallanes region of Chile, achieving notable success in several blocks, particularly in Dorado-Riquelme and Arenal. The company engages in exploration and production activities for hydrocarbon resources exclusively in the Twelfth Region of Magallanes, where it operates gas and oil production facilities both on the mainland and on Tierra del Fuego Island.

ENAP Magallanes is crucial for the region's development, providing numerous essential services that support its operations. The company has established shipping ports and a vast network of pipelines. It also supports various communities, including Cerro Sombrero and Cullen on Tierra del Fuego Island, as well as Posesión and Gregorio on the mainland, in addition to maintaining workshops and storage facilities throughout the region.

Industry Overview in Chile

Chile's oil and gas industry plays a significant role in the country's energy landscape, particularly in the southern regions where resources are abundant. The Magallanes region is recognized for its potential in hydrocarbon exploration and production. The growi