Argentina YPF manages conventional discovery in Santa Cruzhttps://www.microsofttranslator.com/BV.aspx?ref=IE8Activity&a=http%3A%2F%2Fweb6.bnamericas.com%2Fnews%2Fpetroleoygas%2Fargentina-ypf-logra-descubrimiento-convencional-en-santa-cruz%2F443660978%2F%3Futm_source%3Dfree%26utm_medium%3Dnewsletter%26utm_campaign%3Dconsolidadofree
La petrolera estatal argentina, </SPAN><A style="LINE-HEIGHT: 1.6" data-cke-saved-href="https://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.bnamericas.com%2Fcompany-profile%2Fes%2FYPF_S%2CA%2C-YPF" href="https://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.bnamericas.com%2Fcompany-profile%2Fes%2FYPF_S%2CA%2C-YPF" target=_top len="3" adjustAlign="true">YPF</A><SPAN style="LINE-HEIGHT: 1.6" len="200" adjustAlign="true">, efectuó un descubrimiento de hidrocarburos convencionales en la provincia de Santa Cruz, en el bloque Perales-Las Meseta, que ofrecería el potencial de producir 200.000m3/d de gas y 370b/d de crudo.</SPAN>" _position="static" adjustalign="true" len="501"> Monday, August 25, 2014
[Did George Soros already know? I think so................ Can somebody please post a link to the history of YPF's share price?}
The Argentine State oil companyYPF, made a discovery of conventional hydrocarbons in the province of Santa Cruz, in the block Perales - the plateau, which would offer the potential to produce 200. 000m 3/d of gas and crude oil d/370b.
The finding is the largest of its type identified in the province in the past 20 years, said the company in a statement and obtained further drillings to 2,770 m in mature formations.
Modern seismic techniques allowed YPF identify unevaluated areas, added the statement. The company made the discovery in the western section of the basin, which still has potential to be exploratory.
YPF said it will investigate this potential with new exploration wells and 3D seismic data acquisition. The most recent discovery was achieved after incorporating a new team of drilling 1. 500HP which can reach depths of up to 4,200 m.
The company now has 16 active teams, according to the release, the largest number in the past 17 years.
The daily production of YPF in the province of Santa Cruz was increased by 15.2% in the second quarter compared with the same period of last year, recorded the communiqué, which does not know the volumes. The company said it plans to invest this year more than US$ 900mn in southern province.
In the second quarter YPF increased its total volume extracted oil and gas by 5.6% and 31.8%, respectively, to reach 240. 000b/d of crude oil and 43.5 million cubic meters per day of gas.