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MercoPress, en Español

Montevideo, April 26th 2024 - 09:27 UTC

Tag: oil field

  • Friday, February 8th 2019 - 08:49 UTC

    Two more oil strikes off the coast of Guyana at the prolific Stabroek Block

    Tilapia-1 encountered approximately 93 m of high quality oil bearing sandstone reservoir and was drilled to a depth of 5,726 m in 1,783 m of water

    Hess Corporation has announced positive results from the Tilapia-1 and Haimara-1 wells offshore Guyana, bringing the total number of discoveries on the Stabroek Block to 12.“These two discoveries demonstrate the continuing exploration potential on the prolific Stabroek Block and add to the previously announced gross discovered recoverable resource estimate of more than 5 Bboe,” said CEO John Hess.

  • Thursday, December 6th 2018 - 09:32 UTC

    YPF and Malaysia's Petrona committed to invest US$ 2.3bn in Vaca Muerta

    The investment will be in La Amarga Chica, where the companies have been testing the shale oil potential since 2015 and have spent US$ 550 million in the process

    Argentina's state-run energy company YPF and Malaysia's Petronas agreed this week to invest US$ 2.3 billion in a shale oil project in Vaca Muerta, with a target of reaching 60,000 b/d of oil equivalent by 2022. The investment will be in La Amarga Chica, where the companies have been testing the shale oil potential since 2015 and have spent US$ 550 million to date in the process, YPF said in a statement.