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YPF strikes oil in south Patagonia; resources estimated in 40m oil barrels

Tuesday, May 26th 2015 - 06:38 UTC
Full article 20 comments

Argentina's oil and gas government managed corporation YPF announced the discovery of a new oil field in Los Caldenes, in Patagonia Rio Negro province, with resources estimated in 40 million oil barrels. Manzano Grande x-1 is the second “discoverer well” in this block of 115 square kilometers located north of the Cinco Saltos town. Read full article

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  • Enrique Massot

    This is the result of making YPF work for the Argentina's interests, as opposed to responding a large, foreign-based corporation.
    When YPF was owned by Spanish-based Repsol, production was stagnant in spite of the country's growing need for energy.
    Since the country took control of the company, investments have been intensified. The discovery in Los Caldenes is to be celebrated as one more step in Argentina's path to energetic self-sufficiency.

    May 26th, 2015 - 07:03 am - Link - Report abuse 0
  • yankeeboy

    Oil is fine but they need Nat Gas more than they need oil.
    I haven't heard anything about Nat Gas wells in a very long time.

    The current US based court case on the nationalization may cost the Arg people dearly. Especially since it ended up under Griesa's court!
    :)

    May 26th, 2015 - 02:16 pm - Link - Report abuse 0
  • chronic

    “estimated”

    LOL.

    Ask yourself these questions:

    Why didn't they release the open hole logs?

    Or conduct a dst and televise it?

    When (if) the current set of thieves leave power the next group will have to audit YPF, ANSES, BCRA, ETC - to see if anything actually ever did exist.

    -------------------------------

    www.transparency.org/cpi2014/results

    Internationally #107 with a 34 score.

    ------------------------------------------------------------

    Enrique Massot: “Here It is, all the issues of a nation of forty-some million people explained in just seven words. We are all liars.”

    May 26th, 2015 - 02:56 pm - Link - Report abuse 0
  • golfcronie

    Whoopdedoo Argentina that will stiff it to the FALKLANDERS as they have only discovered 10 times that in Sea Lion field and we expect more. Tom tittie.

    May 26th, 2015 - 04:13 pm - Link - Report abuse 0
  • Enrique Massot

    Don't you hate the taste of sour grapes? Argentina is well on its way to energetic self-sufficiency and all we read here is cynicism, bitterness, and impotent rage. Instead of taking a read of what's really happening, most habitués here express wishful thinking in hopes it will become reality. Just like doggies yapping at the moon!

    May 26th, 2015 - 05:26 pm - Link - Report abuse 0
  • Pugol-H

    And when do they begin pumping, on this field or the previous discovery?

    That really is the question.

    When Argentina is a least heading towards self-sufficiency in oil/gas, currently its deficit is increasing, is the time to say YPF are winning this.

    May 26th, 2015 - 05:31 pm - Link - Report abuse 0
  • Conqueror

    @5. Don't think so. Argieland has had this 'field' since 1999. Nothing and suddenly there's millions of barrels of argie fart. 40 million barrels of argie oil. Except that the Falklands is looking at a minimum 400 million barrels. From just one field. Which doggie is yapping, Fido?

    May 26th, 2015 - 05:45 pm - Link - Report abuse 0
  • yankeeboy

    5. Stupid man Argentina has never imported more Gas and Refined oil in its existence.

    Gads you are such a fcking liar.

    May 26th, 2015 - 05:57 pm - Link - Report abuse 0
  • Briton

    Don't you hate the taste of sour grapes? Argentina is well on its way to energetic self-sufficiency

    well,
    considering that the Falkland's have had to put up with vile insults and slagging of for years from argies on here,

    this look and feels like the pot calling the kettle black to be,

    just steaming like.

    May 26th, 2015 - 07:07 pm - Link - Report abuse 0
  • ChrisR

    Kiki Mashed Potato Head rants in ecstasy over a paltry 40M barrels.

    “ The kingdom, which led the Organization of Petroleum Exporting Countries last year in refusing to cut output, produced 10.3 million barrels a day last month and will keep pumping for now at around 10 million, al-Naimi said Tuesday at a conference in Riyadh. The March figure is the highest since at least 2002, ” Bloomberg.

    FOUR days production! But they had another well last year”. Total both wells EIGHT days of production!

    Just can't help yourself can you Mr. Self Publisher of Bragg Creek? Such a great location name for such an argie braggart!

    It's so EASY to wind you up and start you off ranting!

    Ha, ha, ha.

    May 26th, 2015 - 07:49 pm - Link - Report abuse 0
  • Enrique Massot

    I found the best ever collection of childish rants style “I got a bigger piece than yours”.
    #2 YB: “Oil is fine but they need Nat Gas more than they need oil.”
    #3 chronic: “Why didn't they release the open hole logs?”
    #4 golfcronie: “FALKLANDERS...have only discovered 10 times that in Sea Lion field...”
    #7 Conqueror: “Nothing and suddenly there's millions of barrels of argie fart.”
    #10 ChrisR: “Kiki Mashed Potato Head rants in ecstasy over a paltry 40M barrels.”
    The Club at its best.

    May 27th, 2015 - 01:25 am - Link - Report abuse 0
  • golfcronie

    Just look at the picture and wonder, is this not man ( with cameras and microphones stuck in his face) not just doing this to show the “ masses ” that at least they have some oil in Argentina and it is not just a myth. It will be many years until Argentina is “ self-suffient” in energy, you still import electricity from Uruguay and still have not paid for it. Typical Argie ( same as CFK ) look at me,look at me syndrome, a sign of someones inadaqasey.

    May 27th, 2015 - 08:10 am - Link - Report abuse 0
  • yankeeboy

    Stupid Reekie doesn't understand why I said what I said.

    Every day, day in and day out I think a little part of his brain leaks out while he's posting.
    Getting dumber everyday.

    May 27th, 2015 - 10:56 am - Link - Report abuse 0
  • chronic

    Reekie is a fraud. LOL.

    -----------------------------------

    When (if) the current set of thieves leave power the next group will have to audit YPF, ANSES, BCRA, ETC - to see if anything actually ever did exist.

    -------------------------------

    www.transparency.org/cpi2014/results

    Internationally #107 with a 34 score.

    ------------------------------------------------------------

    Enrique Massot: “Here It is, all the issues of a nation of forty-some million people explained in just seven words. We are all liars.”

    May 27th, 2015 - 01:54 pm - Link - Report abuse 0
  • Simon68

    5 Enrique Massot (#)
    May 26th, 2015 - 05:26 pm

    Enrique: I think the sour grapes are because in spite of the good news of a future 40 million barrels of oil we still have to raise U$S 15 billion to pay for imported gas and oil!!!!!!!!!!!!!

    Another “logro” of the “Decada Ganada”!!!!!!!!!!!!

    May 27th, 2015 - 02:11 pm - Link - Report abuse 0
  • chronic

    This is simple:

    Anyone that takes any statement from a representative of rotting roadkillian interests at face value should be committed for observation.

    ----------------------------------------

    When (if) the current set of thieves leave power the next group will have to audit YPF, ANSES, BCRA, ETC - to see if anything actually ever did exist.

    -------------------------------

    www.transparency.org/cpi2014/results

    Internationally #107 with a 34 score.

    ------------------------------------------------------------

    Enrique Massot: “Here It is, all the issues of a nation of forty-some million people explained in just seven words. We are all liars.”

    May 27th, 2015 - 03:02 pm - Link - Report abuse 0
  • Pete Bog

    @5 Enrique
    “Don't you hate the taste of sour grapes? Argentina is well on its way to energetic self-sufficiency and all we read here ”

    On the contrary, the more oil Argentina finds, the less you need to yap about stealing the Falkland Islander's oil.

    Why do you call the Falkland Islands 'Sour Grapes'? (Bad Vines=Mal Vinas)?

    Is that because Argentines want to make the Falklands as sad and miserable as Argentina-i.e lots of great resources, so instead of use them let's (Argentina) fuck up our country instead.

    If you lot took over the Falklands, rather than make it better, it would be totally fucked within 5 years thanks to the Peronist mentality of self destruction.

    I give you this, at least the historic shipwrecks in Stanley Harbour would be added to by an extra 10 Argentine Navy ships sinking there, through lack of basic maintenance, so I guess the tourist trade for ship spotters might increase.

    I have a great idea- as you Argentines are full of sour grapes, why don't you rename Argentina, Malvinas?

    The name would be more suitable for your peronist psychology.

    May 28th, 2015 - 08:44 am - Link - Report abuse 0
  • yankeeboy

    More Oil discoveries in the Falklands and
    Chevron is decreasing drilling in Vaca Muerte

    That's the difference in Statism and the Free Market.

    And Rgs wonder why they're devolving...

    May 28th, 2015 - 02:33 pm - Link - Report abuse 0
  • lornefirth

    with all that oil you can make your own tar for the MPA road.............

    May 28th, 2015 - 09:50 pm - Link - Report abuse 0
  • Enrique Massot

    Opinion poll, Clarin, May 25:
    Daniel Scioli of FpV leads with 33.1 per cent of intention of vote.
    Follows Mauricio Macri of PRO with 32.2 per cent.
    Sergio Massa is now trailing at 13.8 per cent.
    www.clarin.com/politica/elecciones_2015-encuesta_0_1362464147.html

    Scioli has gained 10 points in two months. Of course, opinion polls are just that and that much can change until the October presidential election. However, the progression clearly favours the FpV.

    Clarin, March 25:
    Macri: 26.4 per cent
    Massa: 24.2 per cent
    Scioli: 23.1 per cent
    www.clarin.com/elecciones_2015/Elecciones_2015-encuestas-Macri-Massa-Scioli_0_1327067470.html

    Not looking too well for the opposition. Many Argentines appreciate the work done by Nestor and Cristina, in spite of relentless attacks and blatant lies published by dominant media outlets.

    May 29th, 2015 - 12:34 am - Link - Report abuse 0

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