Strong Shale Oil Production Growth
Shale oil production increased by 35% internally during the third quarter, reaching 170,000 barrels per day. Preliminary figures for October show an additional increase of 12%, reaching around 190,000 barrels per day.
Record Downstream Processing Levels
Achieved the highest processing level since 2009 at 326,000 barrels per day, which was 9% higher than last year, with a solid utilization rate of 97%.
Significant Lifting Cost Reduction
Achieved a lifting cost reduction of 28% quarter-over-quarter and 45% year-over-year due to improved production mix and operational efficiency.
Successful Bond Issuance
Successfully retapped the 2031 international bond, issuing $500 million at 8.25% yield, the lowest interest rate for an international bond in recent years.
Argentina LNG Project Progress
Signed a technical FID with Eni and a preliminary framework agreement with ADNOC for a fully integrated LNG project, demonstrating strong international interest.