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 1.01Conflicts Minerals Disclosure and Report

Not applicable.

Item 1.02Exhibit

Not applicable.

Section 2 - Resource Extraction Issuer Disclosure

Item 2.01Resource 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:

oAs 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%;
oAs 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
oIn 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 3.01Exhibits

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

 

Resource Extraction Payment Report

 

Project-level disclosure

 

The table below sets forth our payments made to governments for the fiscal year ended December 31, 2023, by project and type of payment.

 

                   
 

For the year ended December 31, 2023

(U.S.$ thousand)(1) (2)
  Taxes Royalties Fees Production
Entitlements		 Bonuses Dividends Payments for
infrastructure
improvements		 Community and social responsibility
payments		 Total
Argentina 532 (3)                532
Gobernador Ayala - 2,957 - - - - - -   2,957
Rio Neuquén  329 11,139 501 - - - - -  11,969
El Mangrullo 1,383 43,616 902 - - - - -  45,901
Rincón de Aranda  - - - - 13,100 - -  5,518  18,618
Rincón el Mangrullo  - 1,575 - - -  - -  -  1,575
Parva Negra - - 170 - - - - -  170
Sierra Chata 384 11,891 846 - - - - -  13,121
El Tordillo  355 6,430 2,143 - - - - -   8,928
Puesto Quiroga - 116 - - - - - -   116
Aguarague - 1,277  288 - -  - -  - 1,565
Las Tacanas Norte -  -  - - 1,800  -  -  -  1,800
Chirete  - 1,437 - - - - - -   1,437
Oil and Gas Exports  12,129 - - - - - -   12,129
Total  15,112  80,438 4,850 - 14,900 -  - 5,518  120,818

 

(1) All payments are reported in U.S. dollars. Payments relating to projects in Argentina were made in Argentinean Pesos, and such payments have been converted to U.S. dollars using, except for Taxes other than Taxes for Oil and Gas Exports, the sellers “divisa” exchange rates of the Banco de la Nación Argentina as of closing of the day before of each payment. For all Taxes other than Taxes for Oil and Gas Exports, the sellers “divisa” exchange rate published by the Banco de la Nación Argentina as of December 29, 2023 was used to make such conversion.
(2) Sums are rounded, so they may not add up.
(3) Some taxes related with the commercial development of oil and gas are imposed on a company-level and cannot be assigned to a specific project.
 
 

Government-level disclosure

 

The table below sets forth our payments made to governments for the fiscal year ended December 31, 2023, by government and type of payment.

 

                   
 

For the year ended December 31, 2023

(U.S.$ thousand)(1)
  Taxes Royalties Fees Production
Entitlements		 Bonuses Dividends Payments for
infrastructure
improvements		 Community and social responsibility
payments		 Total
Argentina                  
Argentinean Federal Government 12,337  - - - - - - - 12,337
Local Governments              
City of Buenos Aires  174  - - - -   -  -   174
Province of Buenos Aires  359 - - - -   - -   359
Province of Chubut  283 6,546 2,193 - -   -  -  9,022
Province of Mendoza  103 2,957 - - -   -  - 3,060
Province of Neuquén 1,561 67,876 2,369 - 14,900   - 5,518  92,224
Province of Rio Negro - 346 - - -   - - 346
Province of Salta 159 2,713 288 - -   -  -  3,160
Province of Santa Fe 136 - - - -   - -  136
Total 15,112 80,438 4,850 - 14,900   - 5,518  120,818
                   
(1) All payments are reported in U.S. dollars. Payments relating to projects in Argentina were made in Argentinean Pesos, and such payments have been converted to U.S. dollars using, except for Taxes other than Taxes for Oil and Gas Exports, the sellers “divisa” exchange rates of the Banco de la Nación Argentina as of closing of the day before of each payment. For all Taxes other than Taxes for Oil and Gas Exports, the sellers “divisa” exchange rate published by the Banco de la Nación Argentina as of December 29, 2023 was used to make such conversion.
(2) Sums are rounded, so they may not add up.
 
 

Payment details disclosure

 

The table below provides the details of payments made to governments for the fiscal year ended December 31, 2023.

 

                                   
For the year ended December 31, 2023  
Subnational Jurisdiction Government Business segment Projects Resource

Amount

(U.S.$ thousand)(1)

  
             
Argentinean Federal Government Argentinean Federal Government All Pampa Energía S.A. (2) N/A   208  
Argentinean Federal Government Argentinean Federal Government Oil and Gas Exports Oil and Gas   12,129  
City of Buenos Aires Government of the City of Buenos Aires Oil and Gas N/A (3) Oil and Gas   174    
Province of Buenos Aires Government of Buenos Aires Oil and Gas N/A (3) Oil and Gas   359  
Province of Chubut Government of Chubut Oil and Gas El Tordillo – Puesto Quiroga Oil and Gas   9,022  
Province of Mendoza Government of Mendoza Oil Gobernador Ayala Oil   3,060  
Province of Neuquén Government of Neuquén Oil and Gas El Mangrullo – Rincón de Aranda – Río Neuquén – Rincón del Mangrullo – Parva Negra – Sierra Chata – Las Tacanas Norte Oil and Gas   92,224  
Province of Rio Negro Government of Rio Negro Oil and Gas Rio Neuquén Oil and Gas   346  
Province of Salta Government of Salta Oil and Gas Aguarague - Chirete Oil and Gas   3,160  
Province of Santa Fe Government of Santa Fe Oil and Gas N/A (3) Oil and Gas   136  
Total   120,818  
(1) All payments are reported in U.S. dollars. Payments relating to projects in Argentina were made in Argentinean Pesos, and such payments have been converted to U.S. dollars using, except for Taxes other than Taxes for Oil and Gas Exports, the sellers “divisa” exchange rates of the Banco de la Nación Argentina as of closing of the day before of each payment. For all Taxes other than Taxes for Oil and Gas Exports, the sellers “divisa” exchange rate published by the Banco de la Nación Argentina as of December 29, 2023 was used to make such conversion.
(2) The Company files a consolidated income tax return in Argentina. The Argentinean Federal Government levies corporate income taxes at the consolidated group level rather than on a per-project basis. The Company has disclosed payments of U.S.$ 208 thousands in payments of transaction taxes related with the commercial development of oil and gas.
(3) Local jurisdictions impose gross income taxes, even tough there in no project located in such jurisdiction. Amounts stated are related with gross income tax imposed by jurisdictions related with commercial development of oil and gas at a company level.

 

v3.24.3
Document Information
 12 Months Ended
Dec. 31, 2023
Document Information:  
Document Type 2.01 SD
Amendment false
CIK 0001469395
Registrant Name Pampa Energy Inc.
Period End Date Dec. 31, 2023
Reporting Currency USD
v3.24.3
Payments, by Category - USD ($)
$ in Thousands
Taxes
Royalties
Fees
Bonuses
Comm. Social Resp.
Total Payments
Total [1],[2] $ 15,112 $ 80,438 $ 4,850 $ 14,900 $ 5,518 $ 120,818
[1] All payments are reported in U.S. dollars. Payments relating to projects in Argentina were made in Argentinean Pesos, and such payments have been converted to U.S. dollars using, except for Taxes other than Taxes for Oil and Gas Exports, the sellers “divisa” exchange rates of the Banco de la Nación Argentina as of closing of the day before of each payment. For all Taxes other than Taxes for Oil and Gas Exports, the sellers “divisa” exchange rate published by the Banco de la Nación Argentina as of December 29, 2023 was used to make such conversion.
[2] Sums are rounded, so they may not add up.
v3.24.3
Payments, by Project - 12 months ended Dec. 31, 2023 - USD ($)
$ in Thousands
Taxes
Royalties
Fees
Bonuses
Comm. Social Resp.
Total Payments
Total [1],[2] $ 15,112 $ 80,438 $ 4,850 $ 14,900 $ 5,518 $ 120,818
Argentina            
Total [1],[2] 532 [3]         532
Gobernador Ayala            
Total [1],[2]   2,957       2,957
Rio Neuquén            
Total [1],[2] 329 11,139 501     11,969
El Mangrullo            
Total [1],[2] 1,383 43,616 902     45,901
Rincón de Aranda            
Total [1],[2]       13,100 $ 5,518 18,618
Rincón el Mangrullo            
Total [1],[2]   1,575       1,575
Parva Negra            
Total [1],[2]     170     170
Sierra Chata            
Total [1],[2] 384 11,891 846     13,121
El Tordillo            
Total [1],[2] 355 6,430 2,143     8,928
Puesto Quiroga            
Total [1],[2]   116       116
Aguarague            
Total [1],[2]   1,277 $ 288     1,565
Las Tacanas Norte            
Total [1],[2]       $ 1,800   1,800
Chirete            
Total [1],[2]   $ 1,437       1,437
Oil and Gas Exports            
Total [1],[2] $ 12,129         $ 12,129
[1] All payments are reported in U.S. dollars. Payments relating to projects in Argentina were made in Argentinean Pesos, and such payments have been converted to U.S. dollars using, except for Taxes other than Taxes for Oil and Gas Exports, the sellers “divisa” exchange rates of the Banco de la Nación Argentina as of closing of the day before of each payment. For all Taxes other than Taxes for Oil and Gas Exports, the sellers “divisa” exchange rate published by the Banco de la Nación Argentina as of December 29, 2023 was used to make such conversion.
[2] Sums are rounded, so they may not add up.
[3] Some taxes related with the commercial development of oil and gas are imposed on a company-level and cannot be assigned to a specific project.
v3.24.3
Payments, by Government - 12 months ended Dec. 31, 2023 - USD ($)
$ in Thousands
Taxes
Royalties
Fees
Bonuses
Comm. Social Resp.
Total Payments
Total [1],[2] $ 15,112 $ 80,438 $ 4,850 $ 14,900 $ 5,518 $ 120,818
ARGENTINA | Argentinean Federal Government            
Total [1] 12,337         12,337
ARGENTINA | City of Buenos Aires            
Total [1] 174         174
ARGENTINA | Province of Buenos Aires            
Total [1] 359         359
ARGENTINA | Province of Chubut            
Total [1] 283 6,546 2,193     9,022
ARGENTINA | Province of Mendoza            
Total [1] 103 2,957       3,060
ARGENTINA | Province of Neuquén            
Total [1] 1,561 67,876 2,369 $ 14,900 $ 5,518 92,224
ARGENTINA | Province of Rio Negro            
Total [1]   346       346
ARGENTINA | Province of Salta            
Total [1] 159 $ 2,713 $ 288     3,160
ARGENTINA | Province of Santa Fe            
Total [1] $ 136         $ 136
[1] All payments are reported in U.S. dollars. Payments relating to projects in Argentina were made in Argentinean Pesos, and such payments have been converted to U.S. dollars using, except for Taxes other than Taxes for Oil and Gas Exports, the sellers “divisa” exchange rates of the Banco de la Nación Argentina as of closing of the day before of each payment. For all Taxes other than Taxes for Oil and Gas Exports, the sellers “divisa” exchange rate published by the Banco de la Nación Argentina as of December 29, 2023 was used to make such conversion.
[2] Sums are rounded, so they may not add up.
v3.24.3
Payments, Details - 12 months ended Dec. 31, 2023 - USD ($)
$ in Thousands
Amount
 [1]
Type
Country
Subnat. Juris.
Govt.
Project
Resource
Segment
Ext. Method
#: 1                  
$ 532 [2],[3] Taxes ARGENTINA   ARGENTINA Argentina Oil and Gas   Well
#: 2                  
2,957 [3] Royalties ARGENTINA   ARGENTINA Gobernador Ayala Oil and Gas   Well
#: 3                  
329 [3] Taxes ARGENTINA   ARGENTINA Rio Neuquén Oil and Gas   Well
#: 4                  
11,139 [3] Royalties ARGENTINA   ARGENTINA Rio Neuquén Oil and Gas   Well
#: 5                  
501 [3] Fees ARGENTINA   ARGENTINA Rio Neuquén Oil and Gas   Well
#: 6                  
1,383 [3] Taxes ARGENTINA   ARGENTINA Rio Neuquén Oil and Gas   Well
#: 7                  
43,616 [3] Royalties ARGENTINA   ARGENTINA El Mangrullo Oil and Gas   Well
#: 8                  
902 [3] Fees ARGENTINA   ARGENTINA El Mangrullo Oil and Gas   Well
#: 9                  
13,100 [3] Bonuses ARGENTINA   ARGENTINA Rincón de Aranda Oil and Gas   Well
#: 10                  
5,518 [3] Comm. Social Resp. ARGENTINA   ARGENTINA Rincón de Aranda Oil and Gas   Well
#: 11                  
1,575 [3] Royalties ARGENTINA   ARGENTINA Rincón el Mangrullo Oil and Gas   Well
#: 12                  
170 [3] Fees ARGENTINA   ARGENTINA Parva Negra Oil and Gas   Well
#: 13                  
384 [3] Taxes ARGENTINA   ARGENTINA Sierra Chata Oil and Gas   Well
#: 14                  
11,891 [3] Royalties ARGENTINA   ARGENTINA Sierra Chata Oil and Gas   Well
#: 15                  
846 [3] Fees ARGENTINA   ARGENTINA Sierra Chata Oil and Gas   Well
#: 16                  
355 [3] Taxes ARGENTINA   ARGENTINA El Tordillo Oil and Gas   Well
#: 17                  
6,430 [3] Royalties ARGENTINA   ARGENTINA El Tordillo Oil and Gas   Well
#: 18                  
2,143 [3] Fees ARGENTINA   ARGENTINA El Tordillo Oil and Gas   Well
#: 19                  
116 [3] Royalties ARGENTINA   ARGENTINA Puesto Quiroga Oil and Gas   Well
#: 20                  
1,277 [3] Royalties ARGENTINA   ARGENTINA Aguarague Oil and Gas   Well
#: 21                  
288 [3] Fees ARGENTINA   ARGENTINA Aguarague Oil and Gas   Well
#: 22                  
1,800 [3] Bonuses ARGENTINA   ARGENTINA Las Tacanas Norte Oil and Gas   Well
#: 23                  
1,437 [3] Bonuses ARGENTINA   ARGENTINA Chirete Oil and Gas   Well
#: 24                  
12,129 [3] Taxes ARGENTINA   Argentinean Federal Government Oil and Gas Exports Oil and Gas Oil and Gas. Well
#: 25                  
12,337 Taxes ARGENTINA ARGENTINA Argentinean Federal Government   Oil and Gas   Well
#: 26                  
174 Taxes ARGENTINA BUENOS AIRES City of Buenos Aires   Oil and Gas Oil and Gas. Well
#: 27                  
359 Taxes ARGENTINA BUENOS AIRES Province of Buenos Aires   Oil and Gas Oil and Gas. Well
#: 28                  
283 Taxes ARGENTINA CHUBUT Province of Chubut   Oil and Gas Oil and Gas. Well
#: 29                  
6,546 Royalties ARGENTINA CHUBUT Province of Chubut   Oil and Gas Oil and Gas. Well
#: 30                  
2,193 Fees ARGENTINA CHUBUT Province of Chubut   Oil and Gas Oil and Gas. Well
#: 31                  
103 Taxes ARGENTINA MENDOZA Province of Mendoza   Oil Oil. Well
#: 32                  
2,957 Royalties ARGENTINA MENDOZA Province of Mendoza   Oil Oil. Well
#: 33                  
1,561 Taxes ARGENTINA NEUQUÉN Province of Neuquén   Oil and Gas Oil and Gas. Well
#: 34                  
67,876 Royalties ARGENTINA NEUQUÉN Province of Neuquén   Oil and Gas Oil and Gas. Well
#: 35                  
2,369 Fees ARGENTINA NEUQUÉN Province of Neuquén   Oil and Gas Oil and Gas. Well
#: 36                  
14,900 Bonuses ARGENTINA NEUQUÉN Province of Neuquén   Oil and Gas Oil and Gas. Well
#: 37                  
5,518 Comm. Social Resp. ARGENTINA NEUQUÉN Province of Neuquén   Oil and Gas Oil and Gas. Well
#: 38                  
346 Royalties ARGENTINA RÍO NEGRO Province of Rio Negro   Oil and Gas Oil and Gas. Well
#: 39                  
159 Taxes ARGENTINA SALTA Province of Salta   Oil and Gas Oil and Gas. Well
#: 40                  
2,713 Royalties ARGENTINA SALTA Province of Salta   Oil and Gas Oil and Gas. Well
#: 41                  
288 Fees ARGENTINA SALTA Province of Salta   Oil and Gas Oil and Gas. Well
#: 42                  
136 Taxes ARGENTINA SANTA FE Province of Santa Fe   Oil and Gas Oil and Gas. Well
#: 43                  
$ 208 Taxes ARGENTINA ARGENTINA Argentinean Federal Government   N/A All Well
[1] All payments are reported in U.S. dollars. Payments relating to projects in Argentina were made in Argentinean Pesos, and such payments have been converted to U.S. dollars using, except for Taxes other than Taxes for Oil and Gas Exports, the sellers “divisa” exchange rates of the Banco de la Nación Argentina as of closing of the day before of each payment. For all Taxes other than Taxes for Oil and Gas Exports, the sellers “divisa” exchange rate published by the Banco de la Nación Argentina as of December 29, 2023 was used to make such conversion.
[2] Some taxes related with the commercial development of oil and gas are imposed on a company-level and cannot be assigned to a specific project.
[3] Sums are rounded, so they may not add up.
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