Reports that Repsol-YPF have made a major natural gas discovery in Neuquén

Saturday, December 4th 2010 - 06:38 UTC

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Neuquen is famous for oil, gas, sheep and fossilized dinosaurs

Repsol-YPF has made a mega natural gas strike in the Patagonian province of Neuquen which could supply Argentina with energy for the next half century at least according to an online publication, lapoliticaonline.

The official announcement is scheduled to be made next Tuesday by President Cristina Fernandez de Kirchner at a special ceremony in Repsol-YPF headquarters in Buenos Aires.

The online media quotes Mario Cavazzoli, oil expert linked to the operation, saying that “the Neuquen basin has 257 TVF which is equivalent to 6 to 20 times the Loma La Lata deposit when it was started”.

Cavazzoli works for Schlumberger the US company contracted by Repsol-YPF, together with Apache to explore the area where the discovery was done.

Miguel Hassekieff, head of the Hydrocarbons Department from the Energy Secretary, said that once the deposit begins to be exploited, “Argentina has gas for the next century and we can cut off from Bolivian imports”.

However the controversy about the true estimate of reserves will only be unveiled next Tuesday. Apparently last February some tentative primary testing estimated the volume of the deposit in 21 trillion cubic feet which is equivalent to La Lata reservoirs.

Categories: Energy & Oil, Argentina.

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xbarilox
Neuquen is famous for oil, gas, sheep and fossilized dinosaurs and gorgeous girls ;) a greeting for Guadalupe ;)
Dec 04th, 2010 - 07:14 am 0
WestisBest
Well done Argies, it's good to see it's not just us making progress with hydrocarbon exploration. Good for you.
:-)
Dec 04th, 2010 - 11:12 am 0
jerry
This was declared by the governor of Neuquen a few years ago, when it became public knowledge that Argentina was buying gas from Bolivia. The governor then said that Neuguen had all the gas Argentina needed and that buying from Bolivia was not needed. Perhaps now CFK can “officially” announce it as credit for her administration.
Dec 04th, 2010 - 03:47 pm 0

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