MercoPress. South Atlantic News Agency
President Franco says Paraguay will begin pumping oil in mid-2013
Paraguayan president Federico Franco announced on Monday that starting on 2013 the country will become an oil producing nation, after a recent discovery close to the border with Argentina. Read full article
Comments
Disclaimer & comment rulesSucking it diagonally.
Nov 27th, 2012 - 05:33 am - Link - Report abuse 0You just know Argentina are going to cause problems over this.
Nov 27th, 2012 - 09:23 am - Link - Report abuse 0How can they have found oil if drilling doesn't start until December?
Nov 27th, 2012 - 10:20 am - Link - Report abuse 03 Ramon
Nov 27th, 2012 - 10:37 am - Link - Report abuse 0They just jump up and down in big boots. If the ground feels squelchy and the boots turn black they've hit the jackpot.
Congratulations to the Paras. Nice to see that the Chacos war wasn't a total waste after all.
Nov 27th, 2012 - 10:55 am - Link - Report abuse 0@2 - not an unreasonable suspicion considering the recent events in Mercosur, particularly not if the Argie production continues to decline.
Exploratory drilling versus production drilling. Now that they determined there is a reserve worth exploiting for recovery, a production well head will be setup.
Nov 27th, 2012 - 03:00 pm - Link - Report abuse 0I am sure assface kirchner wishes her army had bullets so she can claim her rightful land in what is now called Paraguay. Anyone see a border/boudry dispute in the making?
More likely there will be claims that the basin stretches into Argentine territory and that they are cross drilling for Argentine oil.
Nov 27th, 2012 - 03:42 pm - Link - Report abuse 0I hope the Paraguayans are right. As for the Argentines, they've been making trouble for Paraguay for well over a century, so what would be new? Besides, the Brazilians would never allow the Argentines to help themselves to Paraguayan oil.
Nov 27th, 2012 - 07:29 pm - Link - Report abuse 0Unless argentina is involved, and CFK is informed, then it is illegal,
Nov 27th, 2012 - 07:56 pm - Link - Report abuse 0From her point of view.
This does seem to be a politician jumping the gun again, the well hasn't been drilled, only a seismic survey has been completed, but like my comment on the FI Scotia well, here they do have a wellbore from circa 1987 that they can use to match to the seismic, giving them a much higher chance of a discovery.
Nov 27th, 2012 - 08:08 pm - Link - Report abuse 0Idlehands the basin does stretch from Argentina into Paraguay but geology doesn't respect national boundaries and it's also very likely to be the same oil even, just a separate accumulation.
Comment removed by the editor.
Nov 27th, 2012 - 09:06 pm - Link - Report abuse 0I suppose if they share the same reserve it's a matter of who can pump the most with the most wells first gets the most crude.
Nov 27th, 2012 - 09:17 pm - Link - Report abuse 0Same oil but a separate reserve , just like Brent Crude is found in five European nations, it just depends who's border it's behind. Although they would never of found the oil without the success in Argentina, it's still Paraguay's oil.
Nov 27th, 2012 - 09:28 pm - Link - Report abuse 0I wouldnt bet my money on it.This story has been floating around for 80 years since the Chaco War. The LAMPA goldmine looks a better bet as they are actually mining the stuff though working conditions seem to fall short of most standards
Nov 27th, 2012 - 09:49 pm - Link - Report abuse 0Wonder if they're going to start drilling diagonally into Argentina as Kuwait did with Iraq. I trust Cristina will not overreact with an annexation as Saddam did, but Paraguay's regional standing is far less condusive to getting away with such an adventure than Kuwait's was...
Nov 27th, 2012 - 09:50 pm - Link - Report abuse 0#4 Really?
@15 Not_British_Kirchnerist
Nov 27th, 2012 - 10:26 pm - Link - Report abuse 0Moments after the Iranian president made the startling claim at the inauguration of a dam in a central province, it started to rain.
“Western countries have designed plans to cause drought in certain areas of the world, including Iran,” Mr Ahmadinejad said in the city of Arak in Markazi province.
“According to reports on climate, whose accuracy has been verified, European countries are using special equipment to force clouds to dump” their water on their continent, he said.
By doing so, “they prevent rain clouds from reaching regional countries, including Iran,” Mr Ahmadinejad charged.
Iran has experienced several droughts in recent years.
I was going to say expect an invasion from Hitler Cristina Kirchner sometime soon but remembered Argentina have No airforce army or navy of any merit
Nov 28th, 2012 - 01:00 am - Link - Report abuse 0Just plastic,.
Nov 28th, 2012 - 02:20 pm - Link - Report abuse 03. Ramon. The answer is that a guarani witchdoctor threw the bones and ashes in the air and they formed the words 'chaha', 'ptror' and 'uipity' when fell on the ground.
Nov 30th, 2012 - 07:26 pm - Link - Report abuse 0Then, one of the engineers said: I don't understand. I believe those words mean “yahá poro ú caá uipe” and his wife killed him on the spot.
So the President decided to drill...
We shall see I am certainly rooting for Paraguay here in this endeavor
Nov 30th, 2012 - 09:12 pm - Link - Report abuse 0Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!