YPF Loose, a subsidiary of the oil company in charge of its electricity business pilot project started in which you use residual or vent gas (sparkling as technically known in the industry) dead cow and the installed capacity of its thermal power plant in the Loma Campana Este deposit to mine blockchain The same technology used to create cryptocurrencies As stated in a statement by the company.
The company told the agency that this first experience began three months ago in the Loma Campana field, a block coveted and foundational for its use of unconventional resources in Vaca Muerta, which is used for oil production by YPF and American Chevron companies .
“This is a new technology that exports gas in the form of processing” blockchain to generate income in dollars for the country. The pilot involved the use of 1.4 megawatts (MW) of the installed capacity of the Loma Campana Este thermal power plant, located in the Neuquento mine blockchain from the server installed on the site. The server will be operated by a major mining company blockchain”, he said in a statement at YPF Loose.
Too, A second project is being developed to be put into operation before the end of the year Of about 8 MW in the Bajo del Toro area, which also belongs to the YPF.
Generator CEO Martin Mandarano commented: “This pilot is an opportunity to understand Assessing the characteristics of the rapidly growing crypto mining industry and the feasibility of implementing additional capacity For new demand on site for this new business. In addition, the initiative will confirm the possibility of new uses of natural gas from Vaca Muerta, taking advantage of the efficiency and sustainability of Argentine gas.
“We started developing This Generation Pilot for Cryptocurrency Mining with a Vision for Sustainability and Business from Natural Gas flash which cannot be used when exploration is being done and at the beginning of production of an oil field,” Mandarano added Telm.
It is the initial stage of hydrocarbon development during which oil is attached to natural gas, which does not have the facilities to capture and transport it to a gas pipeline, so it cannot be used with obvious environmental impact.
Based on this situation, YPF Loose warns “Possibility to turn that waste into added value”at the end of the day – because the gas that goes into flash is burned – with access for the production of electrical energy through the installation of a motor generator at the bottom of the deposit.
Customers settle in the Vaca Muerta desert with computer equipment mounted in containers and, with high electrical demand, near generators and hydrocarbon production wells for which provision contracts are signed.
“They mine cryptocurrency and pay us for the energy we sell them, sometimes tied to its price. blockchain or sometimes at a fixed cost for your global data processing”, detailed the agency to the manager.
“Once the well is complete and oil and gas are already in production, production and mining equipment will be diverted to the second well at the start of development, as it has modular equipment and is easier to transport,” he said. .
“What we’re doing is unusual because it’s bringing demand where there is supply, in this case Waka Murta, When the motion is usually hundreds or thousands of kilometers away, For which it is necessary to build the transmission, which is one of the infrastructure problems”, Mandarano completed.
Through this initiative, YPF Luz innovated in an infrastructure project for blockchain through the use of containers in their operations that can use natural gas from the Vaca Muerta on site, That gas cannot enter the system until new transport capacity is available. In this way, the company manages to take advantage of its installed distributed generation capacity and allocate it to a new and innovative industry without impacting the availability of electrical energy from the network, as explained.
YPF Luz was created in 2013. in present, The installed capacity of the company is 2483 MW. which supplies the wholesale and industrial market, and is building another 100 MW through new wind farms.