Despegue ← Neuquén OPPORTUNITY
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ESEN Where my company can get in
Neuquén · Vaca Muerta · satellite service
The new pipelines create operating work; the truck window has already closedthesis

Midstream, storage and GyP channel services

No defensible market figure
The bridge truck stopped being a market: the trunk system more than doubled its capacity and keeps growing, and no 2026 source publishes how much crude still moves by truck.
up to date · reviewed Oct 5, 2026
unconf 2026window openour reading
At a glance
Who buys
The producer in a remote area with no pipeline connection
the 4 doors →
In which projects
TGS, Perito Moreno Gas Pipeline expansion
what each one invests →
When
It was closed by a pipe, not by a competitor: the trunk line more than doubled its capacity. What is left is contracted when each project moves into operation: the northern stretch in the first quarter of 2027; the first export through Punta Colorada, in early 2027. thesis
what to watch and where it stands →
The main barrier
Capital and contract, not paperwork: to sell services, Neuquén supplier certification is enough. The expensive one is the provincial channel: an access bonus of at least USD 500,000 verif Round 1/2026 tender documents. thesis
the whole entry map →
Where you get in
Do not compete in transport —these are regulated monopolies with capacity committed— and ⛔ do not count on bridge trucking: that window has closed. Enter through the edges the pipeline growth opens, knowing when:
the 4 routes →

The core of the midstream —pipeline transport— is a regulated, vertically integrated oligopoly: you do not attack it. ⛔ And the short window this business once had —bridge trucking at ~USD 15 a barrel while the pipeline was saturated— is closed thesis. It was not closed by the new pipeline but by the old one: the trunk concessionaire took its capacity from 36,000 to 86,000 cubic metres a day and announced further expansions to take it to 120,000 prob press. With one caveat: in that same presentation, from November 2025, the company warned that the trunk line was saturating again in May and June 2026 and that this is why it was staging those works between May and August prob press. Whether that brought trucks back, no source publishes unconf. On top of that the truck could never compete —the official tariff for the same stretch is USD 1.53 a barrel unconf until the resolution is registered as a source—. What remains are the edges: pipeline maintenance, third-party storage and the provincial company's channel, and none of them publishes a price.

verif primary sourceestim our own calculationthesis our readingHow to read all five →

Who really pays?

The pipeline charges a regulated tariff, but the pipeline is not the customer for satellite services. ⛔ And one door has closed: the truck's. The ones that remain, with their real buyer:

If you sellCrude logistics by truck in areas with no gathering
→
The producer in a remote area with no pipeline connection thesis

⛔ this is no longer an evacuation window. Trunk capacity went from 36,000 to 86,000 cubic metres a day verif and the pipeline costs USD 1.53 a barrel against the truck's USD 15 estim. What remains is the other half of what the 2024 article on trucks said: they also «respond to the lack of infrastructure in remote areas» prob. It is structural logistics, not a peak, and its volume is not published thesis.

If you sellThird-party storage (upstream tank farm: storage + throughput + handling + blending)
→
The operator-shipper that needs buffer capacity or nomination balancing estim

Producers without storage of their own that need a buffer or balancing. The incumbent at the export terminal is taking its capacity to 780,000 cubic metres with six new tanks that come online in stages prob; the intermediate buffer at the head of the basin is less covered. ⚠️ But the price of the service is an international benchmark, with no published local value: no figure can be put on it.

If you sellO&M, dispatch and pipeline/facilities engineering/construction
→
The pipeline operator or the project SPV (which subcontracts the EPC) prob ↗

The pipeline owner and the project company contract the service thesis; the expansion works are awarded to an EPC (a large contractor won Duplicar Norte, ~USD 400 M) prob. The EPC is sold construction services, not the concession. Integrity/inspection and fiscal metering are their own niche (see the pipeline integrity niche): here it is O&M + engineering, without double-counting.

If you sellStructured services and farm-in to the GyP carry (15 new areas)
→
GyP as state partner + the awarded consortium for each area verif Sep 3, 2026 ↗

The provincial company enters with a carried interest. ⚠️ of the fifteen areas tendered, only eight received a bid —twenty bids from ten bidders—, seven drew no interest and as of 17 September 2026 none had been awarded: the financial envelopes were opened on 16 September 2026, with more than USD 180 million in bonuses and more than USD 230 million of committed exploration, and the pre-award is still pending. The minimum access bonus of USD 500,000 is in the tender documents, as is the obligation to fund 100% of development and operating costs, including the State's share, with a recovery capped at 80% of the provincial company's share; exploration is not recovered.

▸
Maintenance is paid for by the pipeline's owner; construction, by the project company; entry into the channel, by the provincial company alongside the consortium. ⛔ And almost nobody pays for a truck to evacuate any more: it is paid for, and will go on being paid for, by whoever produces where no pipe reaches.

Which projects move this demand

Why this project exists: the expansion of the Perito Moreno Gas Pipeline (ex-GPNK) by +14 MMm3/d of capacity…

see the project →
USD 3,000 M Mar 11, 2026 ↗

The largest natural gas liquids project in Argentina's history: a fractionation plant for 2.7 million tonnes a year of propane…

see the project →

When the window opens

Two numbers have to be watched separately, not subtracted: how much capacity the pipe has and how much is produced. And there is a third clock that is not physical: in the provincial company's channel, of the fifteen areas tendered eight received bids and their financial envelopes, opened on 16 September 2026, commit more than USD 230 million of exploration; as of 17 September none had been awarded.

What to watchWhat changes when it happensStatus
Authorized capacity of the crude trunk system
It is the denominator of this whole page: while the pipe has headroom, no alternative evacuation service gets paid. Every new authorization is also the signal that there is operation and maintenance to contract.
86,000 cubic metres a day with the expansion project completed verif Sep 14, 2026 ↗
The maximum pipeline transport tariff
It is the ceiling any alternative has to beat, and today it stands at USD 1.53 a barrel on the trunk line. A resolution outside the five-year schedule would be the public signal that a carrier is repricing, which is the only thing that would give an alternative service room again.
USD 9.6011 per cubic metre on the Allen-Puerto Rosales stretch, before VAT, for five years from June 2025 (Resolución 256/2025 of the Secretaría de Energía) unconf Jun 11, 2025
Crude production in the basin
It is the numerator. ⚠️ It goes separately from capacity and is not subtracted from it: the monthly published figure is by province and the pipeline capacity is basin-wide, so subtracting them mixes two universes.
678,714 barrels a day in the province of Neuquén in August 2026, according to the official production series of the Secretaría de Energía prob Aug 2026 ↗
Physical milestones at the Punta Colorada export terminal
Each milestone is visible months before the first vessel and sets when operation and maintenance get contracted: moorings, subsea pipe, filling, first loading.
as of 5 October 2026 the two single-point moorings had already reached the Puerto de San Antonio Este and will be installed some seven kilometres from the coast, off Punta Colorada.
See the evidence
the 721 pipes for the subsea line have arrived and its construction has begun
prob Oct 5, 2026 ↗
The award of the provincial company's areas
The award defines which areas have a new operator, and a new operator without infrastructure of its own is the only new buyer of satellite services appearing in the basin.
twenty bids from ten bidders on eight of the fifteen areas tendered, and seven drew no interest.
See the evidence
the financial envelopes, opened on 16 September 2026, add up to more than USD 180 million in bonuses to the provincial Treasury and more than USD 230 million of exploration investment. As of 17 September none had been awarded: next comes the pre-award report to the provincial company's board
verif Sep 16, 2026 ↗
What signals the game has changed
The truck window has already closed, and a pipe closed it

This is not a future risk: it happened. Trunk capacity reached 86,000 cubic metres a day with the Duplicar project verif the concessionaire's site.

See the evidence
before the works it was 36,000 verif the concessionaire's June 2025 press release, and in November 2025 the company announced staged expansions to take it to 120,000, because the trunk line was saturating again in May and June 2026 prob press. And the truck could never compete: the official tariff for the same stretch is USD 1.53 a barrel against the truck's USD 15 unconf the tariff until its resolution is registered as a source; estimacion the comparison. The 2024 article that reported that price quoted a producer who expected trucking in 2025 to be «running out and disappearing» as the trunk line reached full capacity prob press.
The operators integrate their own midstream

The trunk line belongs to the operators: the more integration, the less service to third parties. thesis

The provincial channel draws less interest than expected

Of the fifteen areas tendered in Round 1/2026, only eight received a bid and seven drew no interest.

See the evidence
as of 17 September 2026 none had been awarded, although the financial envelopes of 16 September 2026 already commit more than USD 230 million of exploration verif Government of Neuquén. If the awards slip or fall through, the only new buyer of satellite services appearing in the basin does not appear thesis.

The opportunity in depth

How to get inthe gap and the routes that open it
1

Maintenance, operation and engineering of the new pipelines, contracted when each project moves from construction to operation. And those dates exist: the trunk line's northern stretch enters service in the first quarter of 2027 verif; as of 5 October 2026 the moorings for the Punta Colorada oil pipeline had already reached Río Negro and the first export is expected in early 2027. You compete by contract, not by concession. (Integrity inspection and metering are their own market: they are on the pipeline integrity page.)

2

Third-party storage at the head of the basin, monetizing throughput, handling and blending, not the tank rental. ⚠️ The price of that service is not published in the country.

3

Technical and financial partner in the provincial company's channel. ⚠️ And the size, in full: fifteen areas were tendered, only eight received a bid, seven drew no interest and as of 17 September 2026 none had been awarded. And it is not cheap: an access bonus of at least USD 500,000 and funding 100% of development and operating costs, including the State's share, recoverable interest-free, only if there is production and capped at 80% of the provincial company's share; exploration is not recovered verif.

4

Logistics for areas with no gathering, which is what remains of the truck: the source itself says those vehicles also respond to «the lack of infrastructure in remote areas». It is not a window market, it is structural logistics — and nobody publishes its volume.

What you needcapital, certification, tax regime and who pays
The service gets paid (real logistics bottleneck). What you need to enter — the full map, laid out:
Capital
Investment with long contracts for maintenance and fixed storage. For the provincial channel the number is written into the tender documents: an access bonus of at least USD 500,000, a work plan in units of USD 5,000 to be executed within up to four years, and funding 100% of development and operating costs, including the State's share, recoverable interest-free, only if there is production and capped at 80% of the provincial company's share; exploration is not recovered verif.
Register
⚠️ the provincial register of hydrocarbon companies is not the entry procedure for transport, storage or maintenance — the decree requires registration of whoever bids for permits or concessions, and the provincial channel's tender documents require it of every bidder for an area, and of the operator in its category. For the other three doors what applies is Neuquén supplier certification, which is free and online.
Regime
By siting storage and maintenance bases in the basin you capitalize Ley 3502 —turnover tax and stamp duty exemption and ten years of fiscal stability, with no investment floor in the text of the law— and Ley 378, which sells public land at a promotional price within a band between the assessed value and market value.
Who pays
It is not the pipeline: it is the pipeline's owner for maintenance, the project company for construction, and the provincial company alongside the consortium for the channel.
▸ You tell us where to see what your company does and we tell you whether we see a sign that it fits this opportunity, with the evidence behind it. See if my company fits this opportunity →
When you get paid, and what blocks it
It pays by contract, not by window. Pipeline maintenance and storage are investments with long contracts, and they are contracted when each project moves from construction to operation — those dates exist and are above. ⛔ The truck no longer does: the pipeline costs a tenth as much for the same stretch. Bottleneck: capital and contract. ⚠️ And a point that is often confused: the provincial register of hydrocarbon companies is not the entry procedure for transport, storage or maintenance — it binds whoever bids for permits or concessions, and the provincial channel's tender documents require it of every bidder for an area. For the other three doors what applies is supplier certification under Ley 3338, which is free and online. estim
Who you compete againstwho is already there and what share they take
Who is
already in
Market
split
Oldelval~65%+ of crude transport unconf

Monopoly on the Allen-Puerto Rosales trunk line, with a regulated tariff and the operators as owners thesis. ⭐ And it is the actor that closed the truck window thesis: the Duplicar project took trunk capacity to 86,000 m³ a day verif, from some 36,000 before the expansions unconf, and in November 2025 the company announced staged expansions at pumping stations to take it to 120,000 prob.

See the evidence
Duplicar Norte —207 km of 24-inch pipe, +220,000 barrels a day verif— finished regular mainline welding on 8 September 2026 and enters service in the first quarter of 2027, not at the end of 2026.
VMOS S.A.Future dominant player in export crude thesis

The 437 km Allen-Punta Colorada oil pipeline prob, with two single-point moorings prob. ⚠️ It is not in service: as of 5 October 2026 the two moorings had already reached the Puerto de San Antonio Este and will be installed off Punta Colorada, some seven kilometres from the coast; the 721 pipes for the subsea line have arrived and its construction has begun prob. The operator expects the first export in early 2027.

TGSGas transport and treatment thesis

Perito Moreno gas pipeline: USD 550 M declared and 513 M eligible under the RIGI (Resolución 676/2026), to take it from 21 to 35 MMm³/d prob. NGL project: USD 3,000 M, 2.7 million tonnes a year, all output for export prob. The products pipeline is some 577 km long according to TGS's material-fact filing of 10-Jun-2026, although its 3-Aug results presentation says 477 km verif; the 573 km that circulated match the length of the Perito Moreno gas pipeline thesis.

Operator of the export storage terminalLeader in storage (Puerto Rosales) thesis

Expansion inaugurated in June 2025, with an investment of close to USD 600 M prob: six new 50,000 m³ tanks prob to take capacity from 480,000 to 780,000 m³ and a 2,000-metre jetty. At the inauguration two of the six tanks were operating; the rest come online in stages prob.

See the remaining player
GyPState partner (10-20% interest, depending on the tender documents) verif

State partner with a carried interest. ⚠️ Round 1/2026 tendered fifteen areas but only eight received a bid —twenty bids from ten bidders— and the other seven drew no interest. As of 17 September 2026 none had been awarded: the financial envelopes were opened on 16 September 2026 and added up to more than USD 180 million in bonuses to the provincial Treasury and more than USD 230 million in committed exploration investment verif; as of 17 September the pre-award report and the provincial company's board resolution were still pending. The minimum access bonus of USD 500,000 is in the tender documents verif.

The jobs it createsTransport and terminal/tank operation jobs; the GyP channel opens the door to SMEs as partners of the provincial State. thesis

Non-addressable

Pipeline transport: a vertically integrated regulated oligopoly, with capacity committed in advance and growing besides. Not addressable, and less so than before. estim

Addressable share

The edges: maintenance and engineering for the new pipelines, third-party storage at the head of the basin, the provincial company's channel and logistics for areas with no gathering. ⛔ None of the four publishes a local price, so no figure is put on them. unconf

Entry range for a supplier

⛔ No entry range is published: the four remaining edges are contracted one by one and none has a published local price. The truck window, which was the only one with a verified unit and price, has closed. unconf

Why we do not put a number on it The only stretch with a verified unit and price was bridge trucking, and this pass withdrew it: its volume is from 2024 and its price is 9.8 times the tariff of a pipeline that now does have capacity. The four remaining edges —pipeline maintenance, third-party storage, the provincial company's channel and logistics for areas with no gathering— are contracted one by one and none publishes a local price.

▸ Leverage, not a guarantee — plus a warning this page owes itself: the bridge-trucking thesis fell, and we did not replace it with another figure because none of the remaining edges publishes a local price.
How we
calculate it

The number is our own estimate. The calculation, step by step, is below.

The full calculation, step by step
Annualization window: NONE — Neuquén has no window, and that is the statement. This TAM does not spread a capex over years: it measures current annual activity, the kind already running. The province produced 678,714 bbl/d of oil and 115 MMm³/d of gas in August 2026, according to the official series of the Secretaría de Energía, with 37 drilling rigs and 13 frac spreads at work, so the unit is the well, the stage or the tonne, not a peak spread over time. All the Neuquén niches are measured with this same unit, so their TAM/year figures are comparable with one another. ⚠️ What is NOT comparable: a Neuquén TAM/year against one from Catamarca, San Juan or Salta. Both are written «USD X M/year» and measure different objects — here it is a recurring flow; there, a construction capex spread over a window that closes. ⛔ This niche has no market figure, and the arithmetic of why is in plain sight. The only piece that had a unit and a price was bridge trucking: `31,450 barrels a day × USD 15 a barrel × 365 days = USD 172 M/year`. The multiplication is correct; the two factors no longer hold. The volume is from June 2024, when the trunk line expansion had not yet been completed. The concessionaire publishes today a capacity of 86,000 m³ a day verif the concessionaire's site and announced expansions at its pumping stations to take it to 120,000 prob press. The surplus that justified the truck does not exist, and no 2026 source publishes a volume of crude evacuated by truck. The price is not a margin: it is a penalty. The official trunk-line tariff is USD 9.6011 per cubic metre, before VAT (Resolución 256/2025 of the Secretaría de Energía, Annex I) unconf until the resolution is registered as a source; a cubic metre holds 6.2898 barrels, so the pipeline costs USD 1.53 a barrel — the truck, at USD 15, costs 9.8 times more for the same stretch. That is not a sustainable premium: it is what is paid while there is no pipe. What remains, and why it has no figure either: maintenance and engineering for the three pipelines, third-party storage and the provincial company's channel. All three are contracted and none publishes a local price. ⛔ Between inventing a number and saying there is none, here there is no number.

Concentration High at the core and higher than when this page was written: pipeline transport is a vertically integrated regulated oligopoly with capacity committed in advance, and its capacity has just grown 140% —from 36,000 to 86,000 m³ a day on the trunk line—, with more work under way. That leaves no room for an alternative evacuation service. At the edges —third-party storage, pipeline maintenance, the provincial company's channel— concentration is low, but none of the three publishes a local price.

The rule that moves it

What moves this market is not a reform but the pipeline boom: the Punta Colorada line and the gas pipeline expansion are projects under the large-investment regime, and by multiplying the outlets they generate demand for operation, maintenance and engineering. ⛔ And a point that is often confused: the provincial register of hydrocarbon companies is not the service supplier's entry door — the decree requires registration of whoever bids for permits or concessions, and the provincial channel's tender documents require it of every bidder for an area. For everyone else what applies is Neuquén supplier certification, which is free.

See the underlying reading

The underlying policy that opens up this demand. It is the same inference declared by the rules and the program pillars pushing in this direction.

stability → long-term investment
enables
Invest in Neuquén: the 'Neuquén RIGI' asks for no investment floor
See the rule →
Ley 3502 gives Turnover Tax/Stamp exemption and ten-year fiscal stability, with no investment floor in its text: it capitalizes the tank farms and O&M bases that get established in the basin.
enables
Industrial promotion: land at fiscal price and exemptions by agreement
See the rule →
Ley 378 gives land at fiscal price in industrial parks for the physical bases of the service (tankage, O&M).
enables
Ley Bases: the RIGI is born
See the rule →
RIGI approved VMOS and the Perito Moreno expansion (TGS): it's the engine that generates the demand for O&M, engineering and midstream satellite services.
touches
Neuquén sets entry rules to operate in Vaca Muerta: registry and minimum equity
See the rule →
⚠️ this register is not the service supplier's vetting door. The decree requires registration of whoever bids for permits or concessions, and the provincial channel's tender documents require it of every bidder for an area.
See the full legal grounds
To sell transport, storage or maintenance what applies is Neuquén supplier certification, which is free.
enables
The State reorders the trunk gas pipelines and forces firm transportation contracts to be redrawn
See the rule →
Firm capacity on the Perito Moreno pipeline and its loops left the state contracts and moves to open tenders: gas evacuation becomes contractable on a firm basis — tender results anticipate how much incremental gas gets out, and when.

Where the number comes from

USD 1.53 a barrel by pipeline, against ~USD 15 by truck: the truck costs 9.8 times more for the same stretch

See the calculation, the variables and how it was validated

What follows is not a market calculation: it is the arithmetic showing why this page withdrew its headline figure. The formula we published held; its two factors no longer do.

USD 9.6011 per m³ ÷ 6.2898 barrels per m³=USD 1.53 a barrel by pipeline, against ~USD 15 by truck
Official trunk-line tariffUSD 9,6011 per cubic metreannual review
Maximum tariff for the Allen-Puerto Rosales stretch, before VAT, set by Resolución 256/2025 of the Secretaría de Energía for five years unconf until the resolution is registered as a source. It is the ceiling any alternative has to beat.
Authorized trunk-line capacity86,000 cubic metres per daylive data
Published by the concessionaire itself. The baseline before the expansions was 36,000; the 2024 snapshot on which bridge trucking was calculated predates the completion of the works. In November 2025 the company announced staged expansions to take it to 120,000 prob press.
Cost of trucking~USD 15 per barrelannual review
A producer stated it to a newspaper in 2024 —some USD 2,835 per 30-cubic-metre truck—; it is not a published tariff. The same article quoted a producer who expected trucking in 2025 to be «running out and disappearing» as the trunk line reached full capacity.

⛔ None of the remaining stretches has a figure. Pipeline maintenance and engineering, third-party storage and the provincial company's channel are contracted one by one and publish no local price. The exploratory ceiling this page once cited rested on international benchmarks, so it is not published either: it is not a market size.

The number rests on a few variables. The formula shows how it moves when each one changes; and each variable carries its freshness seal — how often it is worth revisiting. estim

How solid the number is unconf

The figure this market seemed to have —~USD 172 M a year of bridge trucking— does not hold, and the arithmetic is in plain sight. The multiplication is correct; its two factors are not. The volume, 31,450 barrels a day, is a snapshot from June 2024, when the trunk line expansion had not yet been completed, and no 2026 source publishes a volume of crude by truck to replace it. And the USD 15 a barrel price is not a margin but a penalty: the official tariff for the same stretch is USD 9.6011 per cubic metre, which divided by the 6.2898 barrels in a cubic metre gives USD 1.53 a barrel, almost ten times less. We read the capacity in service today on the concessionaire's own site. ⛔ Between inventing a number and saying there is none, here there is no number.

Coverage: the Ley 3338 public register of Certified Neuquén Suppliers, counted in full on 14 September 2026: 1,029 companies, with 161 in logistics and transport and 116 in operation and maintenance · Sep 14, 2026 · not reviewed: the trade in the register is declared by the company itself and nobody audits it —the only registrant under «midstream» is a winery—, certifying is voluntary and the operators do not publish who they award to: the gap is stated among the certified firms, never «in the province»

How to cite this figure: Despegue (2026). Midstream, storage and GyP channel services · Neuquén. despegueargentina.com/en/neuquen/midstream-evacuacion-crudo · terms of use

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Ignacio Aredez
Analysis and curation: Ignacio Aredez
Head of Despegue
Method and track record →
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  verif primary source · prob primary source pending · unconf a source said it · estim our own calculation · thesis our reading · the date belongs to the datum, at the precision its source allows
This is not financial advice. The TAM is an estimate with a transparent method, not an official figure; the framing is labeled as thesis. Every figure carries its source. ← All opportunities in Neuquén