Published on Nov. 10, 2011
After several years of prospecting Repsol has found a treasure in Argentina's Neuquén province, in Patagonia, close to the Chilean border. In this area, called Sierra de Vaca Muerta, Repsol holds oil concession rights over an area of 12,000 square kilometers, of which, so far, has focused on a small region of only 428 kilometers called La Lata Norte.
The analysis threw, through the 15 open wells, an estimation of reserves amounting to 927 million barrels, making it the largest discovery in the history of the company. Other explorations taking place in other areas of Sierra de Vaca Muerta are also revealing a promising future.
This discovery in Patagonia will allow Repsol to double in a few ...