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Montevideo, October 1st 2022 - 23:45 UTC

 

 

Nationalized YPF in 2012 cut oil production decline and showed modest increase

Saturday, February 16th 2013 - 20:34 UTC
Full article 13 comments

Argentina’s nationalized oil and gas corporation YPF said oil output rose 2.5% last year, compared with an 8% decline in 2011 while natural gas output fell 2.3% on the year, versus an 11% decline in 2011. According to the statement YPF aims to boost oil production by 4% and gas output by 1.8% in 2013. Read full article

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  • LEPRecon

    Is this an INDEC stat I wonder? LOL

    I like this bit.

    “You don't measure increases in oil output from one day to the next. You measure it in years,” he said. “Everything we do is long-term.”

    Yet they expected Repsol to increase output and invest immediately.

    I smell a rat.

    Feb 16th, 2013 - 09:15 pm - Link - Report abuse 0
  • golfcronie

    Don't understand, I thought Neuquen and Chabut were seperate provinces

    Feb 16th, 2013 - 09:26 pm - Link - Report abuse 0
  • surfer

    You know it's going to be BS numbers with an intro like this;

    'The latest data from Argentina's energy secretariat indicate...'

    Feb 16th, 2013 - 10:03 pm - Link - Report abuse 0
  • Captain Poppy

    Of course they increased production, yet funny how the entire country is in one constant and continual roving black out, no brown outs, black outs because they cannot fuel the power plants. I will believe this when the electricity is on consistently and continually.

    Feb 17th, 2013 - 02:03 am - Link - Report abuse 0
  • ChrisR

    The overall figures indicate NO increase at all: up on oil down on gas (if the figures are true).

    This is what TMBOA went on TV last week to shout about and how 'we don't need foreigners to tell us how to run our businesses'.

    Yes, so what about the unknown method of fracking for the new discoveries: YPF going to come up with the answers? Of course, silly me THAT’S WHAT CHEVRON IS GOING TO DO!

    So everything is going steaming ahead!

    Ha, ha, ha.

    Feb 17th, 2013 - 11:25 am - Link - Report abuse 0
  • Xect

    It's the comedy show that just keeps giving....

    Argentine stats are about as reliable as an Argentine manufactured Fiat!

    Lets see how well they are doing in a few years....

    Feb 17th, 2013 - 02:01 pm - Link - Report abuse 0
  • yankeeboy

    With no significant fields being found they are just pumping more from the ones that were driled in the 80/90. Most companies what a 30yr depletion rate out of their wells.
    Do the math
    If they don't up their reserves immediately they are toast.

    Hello Khomeini want some soy for oil?

    Feb 17th, 2013 - 03:48 pm - Link - Report abuse 0
  • Pirat-Hunter

    Another chip for CFK. No more line up for gas at the gas station. I guess reporters aren't too bright or maybe they never consider history while writing BS. Keep up the good job CFK.

    Feb 17th, 2013 - 06:59 pm - Link - Report abuse 0
  • reality check

    Yes, keep up the good work CFK.

    Feb 17th, 2013 - 07:53 pm - Link - Report abuse 0
  • surfer

    CFK is doing a REALLY good job.

    Feb 17th, 2013 - 08:41 pm - Link - Report abuse 0
  • Captain Poppy

    # 8 gas lines are still a half hour....and worse in the boonies

    Feb 17th, 2013 - 09:10 pm - Link - Report abuse 0
  • Room237

    Because Repsol weren't getting a fair price for the oil and gas they just turned the taps down. All YPF has done is turn them on full again. This will only provide a short term gain for them, and you also run the risk of depleating the reservoir pressure to quickly, damaging the field.

    Feb 19th, 2013 - 09:57 am - Link - Report abuse 0
  • Simon68

    Strangely enough I'm sitting in my car in a fuel queue and have been here for the last 3 and a half hours, and have still 150 metres to the petrol pumps!!!!

    This is in Neuquén, the major petroleum producing province of Argentina!!!!

    I'm afraid that we are not out of the woods yet, by a very long chalk!!!!!

    Feb 19th, 2013 - 04:20 pm - Link - Report abuse 0

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