The companies have signed a memorandum of understanding (MOU) to provide integral services based on digital communications that allow for greater efficiency in the oil & gas production in Vaca Muerta and the rest of the Neuquén basin.
Buenos Aires, 24 June, 2020.- PECOM and MOVISTAR have signed a memorandum of understanding to provide a series of Information and Communication Technology (ICT) services in a joint and integrated manner with the construction of a new infrastructure in Vaca Muerta and the Neuquén basin, that reaches the provinces of Neuquén, Río Negro, La Pampa and Mendoza.
This MOU consolidates the bases for the study and the necessary agreements to provide integral services based on digital communications to obtain better efficiency in the oil & gas production in Vaca Muerta and the Neuquén basin.
“We are very enthusiastic with this joint initiative. The background, experience and history of both companies drive the development of an innovative project that will place Vaca Muerta at the forefront of technology and connectivity”, stated Javier Gremes Cordero, PECOM CEO.
“The agreement with PECOM enables us to expand in the contribution to the digitalization of one of the productive areas with the most promising future in Argentina”, stated Marcelo Tarakdjian, Telefónica Movistar Argentina CEO.
The Project comprises investments and infrastructure works, the implementation of a fiber optic connectivity network, and coverage with LTE communications (Private Communications over public domain –known as 4G-, communications with high bandwidth, critical traffic, video, operation monitoring systems, and important data volume).
Likewise, it includes IoT Communications (Internet of Things, designed for the communication of any simple device, at a low cost and for the monitoring of non critical data), B2B and B2C data traffic, provision of network operation and maintenance services (FO and Macrocells), among other services intended for the oil fields in Vaca Muerta and the Neuquén basin.
About PECOM
PECOM is a Service, Construction and Product Company focused on the Oil, Gas and Electric Energy sectors constantly exploring new markets and opportunities.
It was founded over 70 years ago in Argentina and is part of the Perez Companc Group.
In the Oil & Gas sector, we offer solutions for operation and maintenance, engineering and construction, treatments and chemicals, Artificial Lift, Well Testing & Slick Line, environmental services and electromechanical solutions for oil fields and refineries.
We offer solutions for the laying of fiber optic networks, provision and installation of transmission equipment and base radio station assembly.
In addition, we stand out for our development of infrastructure for the renewable and non renewable generation, transport and distribution of electric energy, both for the regulated and non- regulated market.
PECOM is present in Argentina, Bolivia, Brazil, Colombia and Peru. It has nearly 5,700 collaborators and generated a turnover of USD 513.9 million in 2019.
About Telefónica Movistar Argentina
Telefónica is one of the largest integrated communication providers in the world. It is present in 14 countries, with an average of 113,819 employees. In January 2020, revenues totalled 48,422 million Euros and more than 344.3 million total accesses.
In Argentina, it operates under the commercial brand Movistar.
In 2020, Movistar Argentina had more than 21 million customer accesses, which include fixed and mobile lines and connectivity, and a fiber optic transport network with a length of more than 35,000 kilometers, in addition to television service.
The company offers the means to facilitate communication between people, providing them with the most secure and cutting-edge technology, so that they live better and achieve everything they set out to do.
Under a constant and growing investment strategy, Movistar leads the development of 4G and FTTH communication networks to bring new and better connectivity experiences to customers.