UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM SD
SPECIALIZED DISCLOSURE REPORT
PAMPA ENERGIA S.A.
(Exact name of registrant as specified in its charter)
Republic of Argentina
(Jurisdiction of incorporation or organization)
001-34429
(Commission file number)
n/a
(I.R.S. Employer Identification No.)
Maipú 1
Ciudad Autónoma de Buenos Aires, Argentina
(Address of principal executive offices)
C1084ABA
(Zip code)
Horacio Jorge Tomás Turri
Tel.: (54-11) 4344-6000
(Name and telephone number, including area code,
of the person to contact in connection with this report)
Check the appropriate box to indicate the rule pursuant to which this Form is being submitted, and provide the period to which the information in this Form applies:
☐ Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2023.
☒ Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2023.
Section 1 - Conflicts Minerals Disclosure
| Item 1.01 | Conflicts Minerals Disclosure and Report |
Not applicable.
| Item 1.02 | Exhibit |
Not applicable.
Section 2 - Resource Extraction Issuer Disclosure
| Item 2.01 | Resource Extraction Issuer Disclosure and Report |
Disclosure of Payments by Resource Extraction Issuers
The payment disclosure required by this Item 2.01 is included as Exhibit 2.01 to this Form SD.
Report on payments to governments for the year ended December 31, 2023
This report provides a consolidated overview of the payments to the Federal Government and Foreign Governments (each, as defined in Form SD, and together “Governments”) made by Pampa Energía S.A. (“Pampa”) and its consolidated subsidiaries in relation with the commercial development of oil and natural gas for the fiscal year ended December 31, 2023. Unless the context requires otherwise, references in this report to the “Company,” “Pampa,” “we,” “us” and “our” refer to Pampa and its consolidated subsidiaries. References to “dollars”, “U.S. dollars”, “U.S. dollar” or “US$” are to United States dollars, and references to “peso”, “pesos” or “Ps.” are to Argentine pesos.
All payments are reported in U.S. dollars, which is the presentation currency of our consolidated financial statements. Payments that were made in currencies other than in U.S. dollars have been converted to U.S. dollars using the exchange rate applicable as detailed in Exhibit 2.01.
Oil and Gas business segment
We are engaged in the oil and gas business through direct interests in oil and gas blocks in Argentina:
| o | As of December 31, 2023, our combined crude oil and natural gas proved reserves amounted to approximately 199 million boe, 65% of which were proved developed reserves. Natural gas accounted for approximately 94% of our combined proved reserves and liquid hydrocarbons for 6%; |
| o | As of December 31, 2023, our combined oil and gas production in Argentina averaged 65.4 thousand boe per day, with operations in 12 production blocks, 5 exploratory blocks, and 813 productive wells. Crude oil accounted for approximately 4.8 thousand boe per day, while natural gas accounted for approximately 364 million standard cubic feet per day, or 60.6 thousand boe per day based on a measure of conversion of 6,000 cubic feet of gas per barrel of oil equivalent, consolidating ourselves as the country’s fifth largest gas producer; and |
| o | In addition, we have a direct 2.1% interest in Oldelval, which operates main oil pipelines providing access to Allen, in the Comahue area and the Allen – Puerto Rosales oil pipeline which allows for the transportation of the oil produced in the Neuquina Basin to Puerto Rosales (a port in the City of Bahía Blanca) and the supply of the Plaza Huincul and Luján de Cuyo distilleries, all located in the pipeline’s area of influence. |
Our projects
This report discloses the payments made by us to Governments for the commercial development of oil and natural gas and which involves the exploration, development and extraction of crude oil and natural gas.
We organize our operations into 12 productive and 5 exploratory blocks, i.e., areas defined by concession contracts or operating contracts signed by Pampa. Where activities related to one of the blocks cross the borders of a major subnational political jurisdiction, we have disclosed payments for such block as separate projects segregated per major subnational political jurisdiction. We also export oil and gas, mainly to the Republic of Chile.
Section 3 - Exhibits
| Item 3.01 | Exhibits |
The following exhibit is filed as part of this report on Form SD.
Exhibit 2.01 – Resource Extraction Payment Report
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the duly authorized undersigned.
PAMPA ENERGÍA S.A. |
By: /s/ Gustavo Mariani |
|
Name: Gustavo Mariani |
Title: Chief Executive Officer |
Dated: September 26, 2024