• 4 minutes Will Libya Ever Recover?
  • 9 minutes USGS Announces Largest Continuous Oil Assessment in Texas and New Mexico
  • 13 minutes What Can Bring Oil Down to $20?
  • 16 minutes Venezuela continues to sink in misery
  • 19 hours Alberta govt to construct another WCS processing refinery
  • 6 hours Rage Without Proof: Maduro Accuses U.S. Official Of Plotting Venezuela Invasion
  • 10 hours Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 10 hours Instead Of A Withdrawal, An Initiative: Iran Hopes To Agree With Russia And Turkey on Syrian Constitution Forum
  • 20 hours Let's Just Block the Sun, Shall We?
  • 11 hours Water. The new oil?
  • 6 hours Storage will in time change the landscape for electricity
  • 2 days Quebecans Snub Noses at Alberta's Oil but Buy More Gasoline
  • 2 days U.S. Senate Advances Resolution To End Military Support For Saudis In Yemen
  • 2 days OPEC Cuts Deep to Save Cartel
  • 10 hours Regular Gas dropped to $2.21 per gallon today
  • 2 days Global Economy-Bad Days Are coming

Canadian Company Strikes Oil in Argentina’s Neuquen Basin

Canada’s Americas Petrogas and joint venture partner Gran Tierra Energy made a “significant discovery of oil” in the first of three exploration wells drilled in its Rinconada Norte bloc concession in Argentina’s Neuquen Basin.

The Rinconada Norte block covers 37 square miles immediately south of Americas Petrogas’ Medanito Sur bloc in La Pampa Province in Arngentina’s eastern Neuquen Basin.

Americas Petrogas said in a press release that its RN x-1004 well in the Medanito Sur bloc produced a flow at a test rate of approximately 944 barrels per day of oil and 13,360 cubic meters per day of gas, or 79 barrels of oil equivalent, for a total of about 1,023 barrels of oil equivalent per day.

The RN x-1004 well oil is 29.6 degrees API, sweet light crude similar to crude oil produced from the equivalent formation in Americas Petrogas' Medanito Sur bloc.

Americas Petrogas Argentina SA managing director  Guimar Vaca Coca said of the RN x-1004 well discovery, We are very excited about this new find on the first well of this three-well exploratory drilling program because of the strong production rates and possibility of significant commercial reserves. We are also optimistic about the prospects for the remaining two wells.”

By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News