MercoPress. South Atlantic News Agency
YPF makes large shale oil discovery, equivalent to 6% of Argentina’s reserves
Argentine President Cristina Fernández de Kirchner announced on Tuesday that YPF energy company had made a large shale oil discovery in Neuquén province, a find that she considered to be of extreme importance, since “it will allow for us to maintain and further promote development” throughout the country. Read full article
Comments
Disclaimer & comment rulesJust don´t count your chickens before they hatch. Huge shale oil discoveries have also been made elsewhere in the past, but were also too expensive to exploit.
May 10th, 2011 - 11:11 pm - Link - Report abuse 0I believe the US Department of Energy made the announcement, not Argentina.
May 10th, 2011 - 11:18 pm - Link - Report abuse 0As opposed to the UK and the oil fiasco in Malvinas... ;-)
“Argentine President Cristina Fernández de Kirchner announced on Tuesday that YPF energy company had made a large shale oil discovery in Neuquén province, a find that she considered to be of extreme importance, since “it will allow for us to maintain and further promote development” throughout the country.” Does this really sound like an announcement made by the US Department of Energy?
May 10th, 2011 - 11:28 pm - Link - Report abuse 0I was referring to gas, not oil.
May 10th, 2011 - 11:32 pm - Link - Report abuse 0When has Argentina announced an oil discovery that turned out not to be there?
How many times will they make the same announcement? Rediscovering a discovery, repeat it as many times as necessary, people will believe that every time is a new discovery :)
May 11th, 2011 - 12:57 am - Link - Report abuse 0I've discovered fluff in my belly button ....... too early to say if there's enough to make it a viable prospect :-)
May 11th, 2011 - 03:54 am - Link - Report abuse 06,
May 11th, 2011 - 04:10 am - Link - Report abuse 0You're disgusting... and demented.
The story is about oil, not gas. The largest “gas” deposit in Argentina is presently the “hot air” emanating from the government.
May 11th, 2011 - 04:49 am - Link - Report abuse 0They explore at wrong place like Neuquén..
May 11th, 2011 - 09:31 am - Link - Report abuse 0Chaco - Santa Fe Areas have major reserves. !
“Argentina holds more natural gas trapped in shale rock than all of Europe does -- a 774-trillion-cubic-feet bounty that could transform the outlook for Western Hemisphere supply.”
May 11th, 2011 - 09:40 am - Link - Report abuse 0At current price value in USD that would be more than 3 trillions dollars. Wow that makes us very rich, we can buy some little Islands in the north with the population included for that much. Haha
Anyway around 450/500/550 years of gas supply guarantee no so bad.
This will turn Argentina into the 3er bigger gas supplier in the world after US and China.
I feel sorry for Mr. Beef, he really lost chance to become really reach by buying shares of YPF.
What can we do Britishness sometimes can kill yourself, especially in financial terms.
Paraguay sits on oil/gas depot !
May 11th, 2011 - 09:59 am - Link - Report abuse 0South America has lots of energy reserves, lack of development has kept it out of reach... probably a good thing in the long run. As Unasur becomes more resolute and efficient this reserves will become its fuel, all at the right time.
May 11th, 2011 - 10:38 am - Link - Report abuse 0The Brutish will always look at the half-empty side of the glass, our energy reserves are a real kick in the balls for them... in reality the half-full side of the glass is getting fuller every year. ;-)
Guess you won't want the Falklands EEZ then?
May 11th, 2011 - 12:08 pm - Link - Report abuse 0;-)
No such EEZ Westis... not sure what you're referring to.
May 11th, 2011 - 12:16 pm - Link - Report abuse 0hahaha Envy English!!!, the report of gas, U.S. made, but the oil that was found in Neuquen found him YPF. Now we want to steal Neuquen? Hahaha. Hahaha. The gnawing envy...
May 11th, 2011 - 05:36 pm - Link - Report abuse 0That place we're doing all that oil exploration that you state is pointless yet get's you so wound up Martin. Falklands EEZ.
May 11th, 2011 - 09:59 pm - Link - Report abuse 0;-)
“The President explained that the discovery represents a 6% increase in Argentina’s general oil reserves, while YPF explained that it’s equivalent to 35% of its current crude reserves.”
May 12th, 2011 - 12:40 am - Link - Report abuse 0I'm obviously no expert at this - can somebody explain to me how we square these two percentages?
17 GeoffWard: The total reserves that has the Republic of Argentina, is greater than the reserves that the company operates exclusively “YPF” in Argentina and other countries in the world, I mean “YPF” does not exploit all the wells in Argentina, also other oil companies . Therefore, the percentage varies.
May 12th, 2011 - 04:45 am - Link - Report abuse 0Commenting for this story is now closed.
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